Predicting Future Price Moves In Lytus Technologies Holdings PTV Ltd (LYT)

Lytus Technologies Holdings PTV Ltd (NASDAQ:LYT) does about 35.19M shares in volume on a normal day but saw 49192988 shares change hands in the recent trading day. The company now has a market cap of 3.06M USD. Its current market price is $0.10, marking a decrease of -16.78% compared to the previous close of $0.12. The 52 week high reached by this stock is $5.85 whilst the lowest price level in 52 weeks is $0.05.

Lytus Technologies Holdings PTV Ltd (LYT) has a 20-day trading average at $0.1143 and the current price is -98.32% off the 52-week high compared with 111.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3083 and its 200-day simple moving average is $1.4008. If we look at the stock’s price movements over the week, volatility stands at 48.29%, which decreases to 33.82% 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 36.33 to suggest the stock is neutral.

The current price level is -14.12%, -68.14%, and -92.99% 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 up 67.58% over the week and -44.52% over the past month. Its price is -88.30% year-to-date and -97.57% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 31.11M with insiders holding 4.00% of the shares and institutional holders owning 0.18% of the company’s common stock. The beta has a value of 2.24. Price to book ratio is 0.03.