Positives for Lytus Technologies Holdings PTV Ltd (LYT) as stock gains in recent trading

Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) is -29.73% lower on its value in year-to-date trading and has touched a low of $0.07 and a high of $1.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LYT stock was last observed hovering at around $0.08 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.08, the stock is -18.31% and -31.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing -7.03% at the moment leaves the stock -75.37% off its SMA200. LYT registered -92.21% loss for a year compared to 6-month loss of -80.22%. The firm has a 50-day simple moving average (SMA 50) of -$89.27 and a 200-day simple moving average (SMA200) of $0.42.

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The stock witnessed a -28.44% gain in the last 1 month and extending the period to 3 months gives it a -44.68%, and is -15.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.89% over the week and 22.56% over the month.

Distance from 52-week low is 11.11% and -92.64% from its 52-week high.

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Lytus Technologies Holdings PTV Ltd (LYT) Top Institutional Holders

9 institutions hold shares in Lytus Technologies Holdings PTV Ltd (LYT), with institutional investors hold 3.05% of the company’s shares. The shares outstanding are 182.11M, and float is at 37.44M with Short Float at 0.72%. Institutions hold 0.65% of the Float.

The top institutional shareholder in the company is Citadel Advisors Llc with over 38674.0 shares valued at $18165.0. The investor’s holdings represent 0.10% of the LYT Shares outstanding. As of Jun 29, 2023, the second largest holder is Geode Capital Management, LLC with 40712.0 shares valued at $19122.0 to account for 0.10% of the shares outstanding. The other top investors are Walleye Capital LLC which holds 26390.0 shares representing 0.07% and valued at over $12395.0, while Renaissance Technologies, LLC holds 0.06% of the shares totaling 25300.0 with a market value of $11883.0.