Should Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) Rally After -1144.06% Drop From High?

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT)’s traded shares stood at 0.36 million during the last session, with the company’s beta value hitting 2.11. At the close of trading, the stock’s price was $4.63, to imply an increase of 2.55% or $0.12 in intraday trading. The LYT share’s 52-week high remains $57.60, putting it -1144.06% down since that peak but still an impressive 52.05% since price per share fell to its 52-week low of $2.22. The company has a valuation of $7.22M, with an average of 0.26 million shares in intraday trading volume over the past 10 days and average of 1.62 million shares over the past 3 months.

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) trade information

After registering a 2.55% upside in the last session, Lytus Technologies Holdings PTV Ltd (LYT) has traded red over the past five days. The stock hit a weekly high of 5.08, jumping 2.55% in its intraday price action. The 5-day price performance for the stock is -6.84%, and 72.12% over 30 days. With these gigs, the year-to-date price performance is -30.48%. Short interest in Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) saw shorts transact 90710.0 shares and set a 0.02 days time to cover.

LYT Dividends

Lytus Technologies Holdings PTV Ltd has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Lytus Technologies Holdings PTV Ltd has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT)’s Major holders

Lytus Technologies Holdings PTV Ltd insiders hold 78.64% of total outstanding shares, with institutional holders owning 2.02% of the shares at 9.47% float percentage. In total, 2.02% institutions holds shares in the company, led by Citadel Advisors Llc. As of Jun 29, 2023, the company held over 38674.0 shares (or 0.10% of shares), all amounting to roughly $18165.0.

The next major institution holding the largest number of shares is Geode Capital Management, LLC with 40712.0 shares, or about 0.10% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $19122.0.

Going by data provided on May 30, 2023, Fidelity NASDAQ Composite Index Fund holds roughly 40712.0 shares. This is just over 0.10% of the total shares, with a market valuation of $22391.0