Weak Fundamental Momentum Pushes Lytus Technologies Holdings PTV Ltd (LYT) Lower

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) has a beta value of 2.24 and has seen 49.19 million shares traded in the last trading session. The company, currently valued at $3.06M, closed the last trade at $0.10 per share which meant it lost -$0.02 on the day or -16.78% during that session. The LYT stock price is -5750.0% off its 52-week high price of $5.85 and 50.0% above the 52-week low of $0.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 167.83 million shares traded. The 3-month trading volume is 35.19 million shares.

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

Sporting -16.78% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LYT stock price touched $0.10 or saw a rise of 42.06%. Year-to-date, Lytus Technologies Holdings PTV Ltd shares have moved -88.30%, while the 5-day performance has seen it change 67.58%. Over the past 30 days, the shares of Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) have changed -44.52%. Short interest in the company has seen 0.46 million shares shorted with days to cover at 0.02.

Lytus Technologies Holdings PTV Ltd (LYT) estimates and forecasts

The company’s shares have lost -95.09% 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 April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 4.00% of the company shares, while shares held by institutions stand at 0.18% with a share float percentage of 0.18%. Investors are also buoyed by the number of investors in a company, with Lytus Technologies Holdings PTV Ltd having a total of 4.0 institutions that hold shares in the company.