Lytus Technologies Holdings PTV Ltd (LYT) Suffers From Weak Fundamental Momentum

ZM Stock

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) has a beta value of 1.98 and has seen 0.49 million shares traded in the last trading session. The company, currently valued at $17.63M, closed the last trade at $0.75 per share which meant it lost -$0.07 on the day or -9.15% during that session. The LYT stock price is -2382.67% off its 52-week high price of $18.62 and -8.0% below the 52-week low of $0.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.0 million shares traded. The 3-month trading volume is 1.43 million shares.

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

Sporting -9.15% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LYT stock price touched $0.75 or saw a rise of 16.45%. Year-to-date, Lytus Technologies Holdings PTV Ltd shares have moved -11.20%, while the 5-day performance has seen it change -11.20%. Over the past 30 days, the shares of Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) have changed -47.35%. Short interest in the company has seen 21338.0 shares shorted with days to cover at 0.27.

Lytus Technologies Holdings PTV Ltd (LYT) estimates and forecasts

The company’s shares have lost -64.35% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -46.92% over the past 5 years.

LYT Dividends

Lytus Technologies Holdings PTV Ltd is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.