Why is Sea TV Network falling/rising?

As of 13-Jun, Sea TV Network Ltd's stock price is currently at 6.12, reflecting an increase of 0.42 or 7.37%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 8.6% today. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 3.73%, while it has seen a significant decline of 12.82% over the past month. The company faces challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. Additionally, the stock has underperformed the market over the past year, generating a return of -22.14% compared to the BSE 500's positive return of 3.05%.
In the broader market context, while Sea TV Network has experienced a short-term rebound, its long-term performance remains concerning. The stock's negative EBITDA and poor sales growth highlight underlying financial weaknesses that may deter long-term investors. The recent increase in delivery volume suggests a rise in investor participation, which could indicate a short-term interest in the stock despite its overall negative performance metrics. The stock's liquidity is adequate for trading, but the persistent issues with debt and profitability may overshadow any short-term gains, leading to cautious sentiment among investors.