Is Lytus Technologies Holdings PTV Ltd’s (NASDAQ: LYT) 75.60% Gain This Week Telling Us Something New?

During the last session, Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT)’s traded shares were 1.0 billion, with the beta value of the company hitting 2.52. At the end of the trading day, the stock’s price was $0.12, reflecting an intraday gain of 89.41% or $0.06. The 52-week high for the LYT share is $5.85, that puts it down -4775.0 from that peak though still a striking 58.33% gain since the share price plummeted to a 52-week low of $0.05. The company’s market capitalization is $3.67M, and the average intraday trading volume over the past 10 days was 163.61 million shares, and the average trade volume was 18.39 million shares over the past three months.

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

Lytus Technologies Holdings PTV Ltd (LYT) registered a 89.41% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 89.41% in intraday trading to $0.12, hitting a weekly high. The stock’s 5-day price performance is 75.60%, and it has moved by -40.43% in 30 days. Based on these gigs, the overall price performance for the year is -97.11%. The short interest in Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) is 0.46 million shares and it means that shorts have 0.02 day(s) to cover.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -46.92%.

LYT Dividends

Lytus Technologies Holdings PTV Ltd is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Lytus Technologies Holdings PTV Ltd insiders own 4.00% of total outstanding shares while institutional holders control 0.18%, with the float percentage being 0.18%.

Data provided on Sep 30, 2024 indicates that Fidelity NASDAQ Composite Index Fund owns about 679.0 shares. This amounts to just over 0.04 percent of the company’s overall shares, with a $80.0 market value.