With 3.04M Outstanding Shares, Can Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) Deliver Big Short-Term Gains?

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) currently has a daily average trading volume of 1.36M but it saw 1268008 shares traded in last market. With a market cap of 1.59M USD, the company’s current market price of $0.86 came rising about 2.03 while comparing to the previous closing price of $0.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.62 and as low as $0.82. In the recent trading on the day, stock has struck highest price mark of $0.8201 while lowest mark touched by it was $0.8977.

Taking a look at 20-day trading activity of Lytus Technologies Holdings PTV Ltd (LYT) gives us an average price of $1.1243, while its current price level is -95.40% below from 52-week high level whereas it is 4.39% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.4899 while that of 200 days or SMA-200 reads an average of $2.3390. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.33% during that period while stretching the period over a month that increases to 22.53%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 28.86 which implies that the stock is in oversold territory.

Over the week, LYT’s stock price is moving -13.54% down while it is -44.95% when we observe its performance for the past one month. Year-to-date it is 2.03% up and over the past year, the stock is showing a downside performance of -87.80%.

Currently, Lytus Technologies Holdings PTV Ltd’s total number of outstanding shares is 3.04M. Stock’s beta reads 2.00.