Daily Archives: April 2, 2022

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The headline says it all. I won't bury the lead. Shares of Integrated Media Technology Limited (NASDAQ:IMTE) have been on a rocket ship ride over the last several weeks. As of Thursday's close, shares moved up over 450% from February's closing price. With a move like that, investors might take notice and wonder if Integrated Media Technology Limited is a buy. This company now trades at 300x enterprise value to sales off a mix of news-related hype, a low float, and pure momentum. I would not be touching it up here.

There isn't actually a tremendous amount of information about this company. Even the company's own website leaves a lot to be desired in certain areas. Interested in news related to the organization? Better look elsewhere.

IMTE News Page (imtechltd.com)

On the company's who we are page, the business is described in this way:

Integrated Media Technology Limited is a technology investment, product development and distribution company established in 2008, with headquarters in Hong Kong and offices in Australia and China. We are engaged in the investment, development and commercialization of visual technology with a focus on glasses-free 3D (also known as autostereoscopic 3D) display technology.

Some of the product offerings include VR and lamination glass. The stock has moved largely off a recent news piece claiming the launch of an NFT marketplace called Ouction. While I'd admit the synergies of a VR tech and NFTs seems interesting, I don't see much substance to the announcement. The stock itself has a very low float at just 3.7 million shares.

The chart speaks for itself. For most of last year, the shares traded in a range from $4 to $5 per share. Following news of the Ouction marketplace, the company enjoyed a 185% rally that was followed by a 60% bleed off from mid-January to early March. The rest is history. Since printing a local bottom at $4.88 on March 7th, the stock has rallied nearly 600% in a straight line.

IMTE Daily Chart (investing.com)

Overbought is an understatement. At two different points since the beginning of the year, IMTE shares have traded above a 90 RSI-14. The rally was only briefly in jeopardy on March 17th when the company agreed to sell $20 million in shares in a private equity offering. The valuation of those shares was $4.50 and the stock plummeted 40% intraday before ultimately recovering and resuming the trend higher.

With a six-figure market capitalization, one might expect to see a robust revenue figure or a fast moving positive revenue trend. In the case of IMTE, we're offered neither. The revenue trend is not ideal.

IMTE Revenue Trend (Seeking Alpha)

Despite that large decline in revenue since 2016, costs of revenue have stayed fairly elevated. Resulting in a pretty negative gross margin story.

Gross margin IMTE (Seeking Alpha)

While not as low as the truly abysmal -744% two years ago, the current -115% gross margin is not ideal. After positive gross margin started fading in early 2017, the company has been burning cash every quarter going on four years. Shares of the company are now trading at a 300x enterprise value to sales ratio.

EV to Sales (Seeking Alpha)

It doesn't get much better looking at other metrics that have traditionally mattered when trying to value a company. The point has probably landed. This is not a company that I'd call financially healthy or a stock I'd call cheap.

The company's NFT marketplace Ouction doesn't seem to exist yet. I couldn't easily find anybody talking about it on the normal social channels where one would expect to see NFT chatter and information. Participants on the stock chat channels seem to be all focused on the price rather than anything else. Which makes sense because the only thing seemingly driving price is price itself. The company's own website shares very little information on the Ouction marketplace and provides no link to the service.

The most recent press release pertaining to the Ouction markeplace notes a 1-year NFT deal with the Wan Fung Art Gallery based out of Hong Kong. That gallery does seem to actually exist and has Google Maps pictures submitted by users to the address that is documented on the Wan Fung Art Gallery website.

Shorting these kinds of names can be very dangerous. Just ask Melvin Capital. I do not recommend shorting stocks like this unless you are a very sophisticated trader. I have no idea if the top on this one is in yet, but I do believe it is almost certainly close.

IMTE Borrow Rates (iborrowdesk)

While I recognize that I just made the opposite point regarding fuboTV as it pertains to short shares available, I think any squeeze of shorts in IMTE has already happened. Because the float on IMTE shares is so small, this is a very expensive stock to borrow and a considerably easy one to move on fairly low volume when momentum picks up.

As a trader, you love these kinds of stocks because you can make ridiculous returns in a very small amount of time. Unfortunately, those returns come at the expense of real people. Real people who generally are not sophisticated investors and have very little experience buying equities. It wasn't that long ago that I got my stock market education after falling for a fast moving, cash incinerator too. Integrated Media Technology Limited sold stock at $4.50 less than 3 weeks ago. You don't need to buy it at $30 today.

There are a lot of stocks in the digital space that I do like, however. And I'm very bullish on the NFT space generally speaking. If you're interested in those kinds of ideas, keep your eyes out for a very special offer coming soon.

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Integrated Media Technology: Don't Touch This One - Seeking Alpha

The Best Ideas Come From Customers

Denali Advanced Integration in June will be celebrating its 30th anniversary. The Redmond, Wash.-based solution provider has seen a lot of changes since it was formed, but has continued to grow and serve clients by keeping things simple. The company was started by the three brothers who continue to run it, and have done so successfully without taking private investment and without making an acquisition since 2001.

Denali CEO Majdi Daher, in a recent discussion with CRN, said his company has found success by focusing on enterprise accounts where its engineers can go deep into understand clients needs and build custom solutions based on that understanding. This, Daher said, is important because enterprises have complex and changing needs that can be fulfilled only with deep and long-term relationships.

Our approach to solving problems is, we come in and we partner with the customer, the owner of the challenge, he said. And at the end of the day, we always ask, why do you want to solve the problem? Because if you find out why somebody wants to solve the problem, its much easier to get to their solution.

Daher said that his company has done well by seeing opportunities, not challenges, when talking with clients. One of my big sayings is, Never waste a good crisis, he said. Every time somebody brings a challenge to me, Im like, Oh my God, there is an opportunity somewhere. Lets just go find out what that looks like.

For a look at how Denali has learned to take care of customers, and a look at how the company is using digital transformation to continue doing so into the future, click through the slideshow.

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Denali Advanced Integration CEO On 2022 Outlook And Why 'No One Technology Is Actually The Full Solution' - CRN

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Why size matters in the federal market - Washington Technology

As we know, robotic eyes are quite different since they do not possess retinas, so to assist them in interacting with the world more effectively lies with the optical coherence tomography (OCT) devices that are commonly found in the ophthalmologists office. One of the most common eye imaging technologies that are included in most sensory packages is light detection and ranging, we also know it as LiDAR.

Autonomous car developers are exponentially investing in LiDAR technologies since it acts like radar, but instead of sending broad waves and looking for reflection, it uses short pulses of light from the lasers. But, using traditional forms of LiDAR technologies might be quite challenging since it requires detection of very weak reflected light signals, other LiDAR systems, sometimes, even mild sunlight can make the system sensitive. So, to tackle these challenges, researchers have turned to a different form of LiDAR technology known as the frequency-modulated continuous-wave LiDAR.

The FMCW LiDAR takes quite a similar approach but with its own distinctness. It is more advanced in its approach and can effectively distinguish between different frequencies and light sources. Integrating this technology into robots and autonomous cars can enhance their visionary capacities to a great extent.

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Eye Imaging Technology is Enhancing Robotic Vision - Analytics Insight

This whale alert can help traders discover the next big trading opportunities.

Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.

Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.

Here's the list of options activity happening in today's session:

These bullet-by-bullet explanations have been constructed using the accompanying table.

Regarding AAPL AAPL, we observe a call option trade with bearish sentiment. It expires in 7 day(s) on April 8, 2022. Parties traded 492 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $56.5K, with a price of $115.0 per contract. There were 21325 open contracts at this strike prior to today, and today 47103 contract(s) were bought and sold.

Regarding NVDA NVDA, we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on April 8, 2022. Parties traded 99 contract(s) at a $255.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $400.0 per contract. There were 1131 open contracts at this strike prior to today, and today 8736 contract(s) were bought and sold.

For MSFT MSFT, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 200 contract(s) at a $305.00 strike. The total cost received by the writing party (or parties) was $41.3K, with a price of $207.0 per contract. There were 7912 open contracts at this strike prior to today, and today 4739 contract(s) were bought and sold.

Regarding ERIC ERIC, we observe a call option sweep with bullish sentiment. It expires in 105 day(s) on July 15, 2022. Parties traded 827 contract(s) at a $10.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $53.8K, with a price of $65.0 per contract. There were 1472 open contracts at this strike prior to today, and today 4201 contract(s) were bought and sold.

For PYPL PYPL, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on April 8, 2022. This event was a transfer of 299 contract(s) at a $117.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $54.7K, with a price of $183.0 per contract. There were 760 open contracts at this strike prior to today, and today 2398 contract(s) were bought and sold.

For MIR MIR, we notice a call option sweep that happens to be bearish, expiring in 140 day(s) on August 19, 2022. This event was a transfer of 1000 contract(s) at a $7.50 strike. This particular call needed to be split into 63 different trades to become filled. The total cost received by the writing party (or parties) was $89.3K, with a price of $78.0 per contract. There were 1034 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.

For CRWD CRWD, we notice a call option sweep that happens to be bearish, expiring in 13 day(s) on April 14, 2022. This event was a transfer of 292 contract(s) at a $230.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $192.7K, with a price of $655.0 per contract. There were 2980 open contracts at this strike prior to today, and today 851 contract(s) were bought and sold.

Regarding HPQ HPQ, we observe a put option trade with bearish sentiment. It expires in 49 day(s) on May 20, 2022. Parties traded 1347 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $152.2K, with a price of $113.0 per contract. There were 196 open contracts at this strike prior to today, and today 828 contract(s) were bought and sold.

For CSCO CSCO, we notice a call option sweep that happens to be bearish, expiring in 203 day(s) on October 21, 2022. This event was a transfer of 389 contract(s) at a $65.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $73.0 per contract. There were 4333 open contracts at this strike prior to today, and today 552 contract(s) were bought and sold.

Regarding AMAT AMAT, we observe a put option trade with neutral sentiment. It expires in 658 day(s) on January 19, 2024. Parties traded 400 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $668.0K, with a price of $1670.0 per contract. There were 100 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.

Options Alert Terminology - Call Contracts: The right to buy shares as indicated in the contract. - Put Contracts: The right to sell shares as indicated in the contract. - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. - Premium/Option Price: The price of the contract.

For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Information Technology Stocks Whale Activity In Today's Session - Benzinga - Benzinga