Are Analysts Too Bullish On Lytus Technologies Holdings PTV Ltd (LYT)

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) currently has a daily average trading volume of 1.83M but it saw 1945678 shares traded in last market. With a market cap of 5.82M USD, the company’s current market price of $0.25 came falling about -0.62 while comparing to the previous closing price of $0.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.62 and as low as $0.24. In the recent trading on the day, stock has struck highest price mark of $0.237 while lowest mark touched by it was $0.2727.

Taking a look at 20-day trading activity of Lytus Technologies Holdings PTV Ltd (LYT) gives us an average price of $0.5364, while its current price level is -98.63% below from 52-week high level whereas it is 4.94% 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 $0.8476 while that of 200 days or SMA-200 reads an average of $1.8435. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.48% during that period while stretching the period over a month that increases to 12.34%. 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 13.33 which implies that the stock is in oversold territory.

Over the week, LYT’s stock price is moving -24.73% down while it is -63.57% when we observe its performance for the past one month. Year-to-date it is -69.61% down and over the past year, the stock is showing a downside performance of -94.50%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Lytus Technologies Holdings PTV Ltd’s total number of outstanding shares is 3.04M with 5.45% of that held by the insiders while 0.14% of its common stock has been owned by the institutions. Stock’s beta reads 2.07.