The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $0.75 in the prior trading day, Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) closed at $0.71, down -5.64%. In other words, the price has decreased by -$5.64 from its previous closing price. On the day, 0.55 million shares were traded. LYT stock price reached its highest trading level at $0.7327 during the session, while it also had its lowest trading level at $0.6667.
Ratios:
Our goal is to gain a better understanding of LYT by taking a closer look at its different ratios.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LYT now has a Market Capitalization of 16734294 and an Enterprise Value of 2497028. Its current Enterprise Value per Revenue stands at 0.117 whereas that against EBITDA is 4.037.
Stock Price History:
The Beta on a monthly basis for LYT is 1.99, which has changed by -0.88097644 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, LYT has reached a high of $18.62, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -48.36%, while the 200-Day Moving Average is calculated to be -68.44%.
Shares Statistics:
The stock has traded on average 1.44M shares per day over the past 3-months and 992290 shares per day over the last 10 days, according to various share statistics. A total of 3.04M shares are outstanding, with a floating share count of 0.62M. Insiders hold about 66.76% of the company’s shares, while institutions hold 0.67% stake in the company. Shares short for LYT as of 1734048000 were 21338 with a Short Ratio of 0.09, compared to 1731628800 on 17286. Therefore, it implies a Short% of Shares Outstanding of 21338 and a Short% of Float of 3.45.