Daily Market Movement: Lytus Technologies Holdings PTV Ltd (LYT) Sees a 8.92 Increase, Closing at 4.03

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The closing price of Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) was $4.03 for the day, up 8.92% from the previous closing price of $3.70. In other words, the price has increased by $8.92 from its previous closing price. On the day, 1.02 million shares were traded. LYT stock price reached its highest trading level at $4.43 during the session, while it also had its lowest trading level at $3.4.

Ratios:

Our analysis of LYT’s different ratios will help us gain a deeper understanding of the company.

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 6292079 and an Enterprise Value of 6980050. Its current Enterprise Value per Revenue stands at 0.376 whereas that against EBITDA is 4.965.

Stock Price History:

The Beta on a monthly basis for LYT is 2.10, which has changed by -0.91265714 over the last 52 weeks, in comparison to a change of 0.21231294 over the same period for the S&P500. Over the past 52 weeks, LYT has reached a high of $57.60, while it has fallen to a 52-week low of $2.22. The 50-Day Moving Average of the stock is -4.72%, while the 200-Day Moving Average is calculated to be -65.21%.

Shares Statistics:

LYT traded an average of 1.65M shares per day over the past three months and 264970 shares per day over the past ten days. A total of 3.04M shares are outstanding, with a floating share count of 1.03M. Insiders hold about 34.06% of the company’s shares, while institutions hold 0.88% stake in the company. Shares short for LYT as of 1711584000 were 47971 with a Short Ratio of 0.03, compared to 1709164800 on 8024. Therefore, it implies a Short% of Shares Outstanding of 47971 and a Short% of Float of 4.4899996.

Earnings Estimates

The stock of Lytus Technologies Holdings PTV Ltd (LYT) is currently in the spotlight, with Lockheed Martin Corporation analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $16.71, with high estimates of $48.84 and low estimates of $89.64.

Analysts are recommending an EPS of between $Utilities and $Communication Services for the fiscal current year, implying an average EPS of $Technology.

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