Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) Emerges As Guiding Light For Investors

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) currently has a daily average trading volume of 13.11M but it saw 308176850 shares traded in last market. With a market cap of 1.93M USD, the company’s current market price of $0.06 came rising about 23.12 while comparing to the previous closing price of $0.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.85 and as low as $0.05. In the recent trading on the day, stock has struck highest price mark of $0.0545 while lowest mark touched by it was $0.0964.

Taking a look at 20-day trading activity of Lytus Technologies Holdings PTV Ltd (LYT) gives us an average price of $0.1209, while its current price level is -98.94% below from 52-week high level whereas it is 33.98% 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 $0.3314 while that of 200 days or SMA-200 reads an average of $1.4261. A closer look into the stock’s movement over the week reveals that its volatility is standing at 31.23% during that period while stretching the period over a month that decreases to 29.00%. 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 23.71 which implies that the stock is in oversold territory.

Over the week, LYT’s stock price is moving -2.20% down while it is -68.61% when we observe its performance for the past one month. Year-to-date it is -92.57% down and over the past year, the stock is showing a downside performance of -98.57%.

Currently, Lytus Technologies Holdings PTV Ltd’s total number of outstanding shares is 31.11M with 4.00% of that held by the insiders while 0.18% of its common stock has been owned by the institutions. Stock’s beta reads 2.52. Stock has a price to book (P/B) ratio of 0.02.