Volatility Is Your Friend: Lytus Technologies Holdings PTV Ltd (LYT) Is Hot Again

money audit

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) does about 1.54M shares in volume on a normal day but saw 653615 shares change hands in the recent trading day. The company now has a market cap of 16.08M USD. Its current market price is $0.68, marking an increase of 1.48% compared to the previous close of $0.67. The 52 week high reached by this stock is $18.62 whilst the lowest price level in 52 weeks is $0.54.

Lytus Technologies Holdings PTV Ltd (LYT) has a 20-day trading average at $0.7567 and the current price is -96.35% off the 52-week high compared with 25.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1413 and its 200-day simple moving average is $2.0473. If we look at the stock’s price movements over the week, volatility stands at 12.14%, which decreases to 11.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 29.82 to suggest the stock is oversold.

The current price level is -10.15%, -40.43%, and -66.79% away from its SMA20, SMA50, and SMA200 respectively, with the LYT price moving above the 50-day SMA on current market day. Lytus Technologies Holdings PTV Ltd (LYT) stock is down -4.64% over the week and -31.32% over the past month. Its price is -18.96% year-to-date and -88.55% over the past year.

Outstanding shares total 3.04M with insiders holding 5.26% of the shares and institutional holders owning 0.05% of the company’s common stock. The beta has a value of 1.99.