Why is Picturehouse falling/rising?

As of 10-Jul, Picturehouse Media Ltd's stock price is currently at 7.67, reflecting an increase of 0.37 or 5.07%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 6.38% during this period. However, despite this short-term gain, the stock has underperformed over the past month with a decline of 4.72% and a year-to-date drop of 21.33%. The company's recent financial results indicate a higher profit after tax and earnings per share, which may have contributed to the recent uptick in stock price. Nonetheless, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio, which suggest weak long-term fundamentals and a risky investment profile.
In the broader market context, Picturehouse Media Ltd's short-term performance has outpaced the Sensex, which saw a marginal decline of 0.06% over the past week. However, the stock's long-term performance remains concerning, with a one-year return of -8.80%, indicating underperformance compared to the broader market. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume suggests waning investor interest. Overall, while the recent price increase may reflect short-term optimism, the underlying financial weaknesses and poor long-term growth prospects cast a shadow over its sustainability.