Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) is 30.63% higher on its value in year-to-date trading and has touched a low of $2.22 and a high of $57.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LYT stock was last observed hovering at around $2.31 in the last trading session, with the day’s gains setting it 6.39%.
Currently trading at $8.70, the stock is 144.08% and 69.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 75.12 million and changing 276.62% at the moment leaves the stock -43.69% off its SMA200. LYT registered -79.44% loss for a year compared to 6-month loss of -55.38%. The firm has a 50-day simple moving average (SMA 50) of -$287.30 and a 200-day simple moving average (SMA200) of $1.35.
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The stock witnessed a 78.13% gain in the last 1 month and extending the period to 3 months gives it a -8.75%, and is 227.07% up 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 44.19% over the week and 21.64% over the month.
Distance from 52-week low is 291.89% and -84.90% from its 52-week high.
9 institutions hold shares in Lytus Technologies Holdings PTV Ltd (LYT), with institutional investors hold 9.47% of the company’s shares. The shares outstanding are 182.11M, and float is at 0.32M with Short Float at 0.60%. Institutions hold 2.02% of the Float.
The top institutional shareholder in the company is Citadel Advisors Llc with over 4760.0 shares valued at $41411.0. The investor’s holdings represent 0.01% of the LYT Shares outstanding. As of Dec 30, 2023, the second largest holder is Walleye Capital LLC with 3333.0 shares valued at $28997.0 to account for 0.01% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 2360.0 shares representing 0.01% and valued at over $20531.0, while Two Sigma Securities, LLC holds 0.00% of the shares totaling 1886.0 with a market value of $16408.0.
