Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT) stock jumped 4.62% on Monday to $1.36 against a previous-day closing price of $1.30. With 7.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.72 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.5800 whereas the lowest price it dropped to was $1.1800. The 52-week range on LYT shows that it touched its highest point at $47.06 and its lowest point at $0.50 during that stretch.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LYT was up-trending over the past week, with a rise of 74.58%, but this was up by 109.23% over a month. Three-month performance surged to 28.41% while six-month performance fell -55.12%.
Float and Shares Shorts:
At present, 37.58 million LYT shares are outstanding with a float of 5.31 million shares on hand for trading. On Dec 29, 2022, short shares totaled 36100.0, which was 0.10% higher than short shares on Nov 29, 2022. In addition to Mr. Dharmesh Pandya as the firm’s CEO & Director, Mr. Shreyas Shah serves as its CFO Global & Director.
Through their ownership of 0.49% of LYT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.38% of LYT, in contrast to 0.11% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in LYT with 0.16% of the stake, UBS Securities LLC holds 60,906 shares worth 60,906. A second-largest stockholder of LYT, Geode Capital Management LLC, holds 40,712 shares, controlling over 0.11% of the firm’s shares. Citadel Securities LLC is the third largest shareholder in LYT, holding 34,380 shares or 0.09% stake. With a 0.11% stake in LYT, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 40,712 shares are owned by the mutual fund manager.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, LYT reported revenue of -$1.07M and operating income of -$3.36M. It generated -$1.69M net income for the quarter, which came to -$390.07k over the last twelve months. EBITDA for the full year was $13.46M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LYT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.