The stock price of Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) has dropped by -11.62 compared to previous close of 3.96. Despite this, the company has seen a fall of -15.05% in its stock price over the last five trading days. InvestorPlace reported 2024-03-07 that Shares of India-based digital services firm Lytus Technologies (NASDAQ: LYT ) are catapulting higher on Thursday following a compelling news item. With its introduction of Lytus Cloud — a suite of cloud infrastructure services with so-called “robust management capabilities” — the tech firm is attempting to tap into the burgeoning data center market.
Is It Worth Investing in Lytus Technologies Holdings PTV Ltd (NASDAQ: LYT) Right Now?
Additionally, the 36-month beta value for LYT is 2.05.
The public float for LYT is 1.03M and currently, short sellers hold a 2.70% ratio of that float. The average trading volume of LYT on May 02, 2024 was 1.62M shares.
LYT’s Market Performance
The stock of Lytus Technologies Holdings PTV Ltd (LYT) has seen a -15.05% decrease in the past week, with a -18.98% drop in the past month, and a -42.81% fall in the past quarter. The volatility ratio for the week is 8.65%, and the volatility levels for the past 30 days are at 14.33% for LYT. The simple moving average for the past 20 days is -9.82% for LYT’s stock, with a -66.72% simple moving average for the past 200 days.
LYT Trading at -15.70% from the 50-Day Moving Average
After a stumble in the market that brought LYT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.92% of loss for the given period.
Volatility was left at 14.33%, however, over the last 30 days, the volatility rate increased by 8.65%, as shares sank -21.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.84% lower at present.
During the last 5 trading sessions, LYT fell by -15.05%, which changed the moving average for the period of 200-days by -86.77% in comparison to the 20-day moving average, which settled at $3.83. In addition, Lytus Technologies Holdings PTV Ltd saw -47.45% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LYT
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.2 for the gross margin
The net margin for Lytus Technologies Holdings PTV Ltd stands at -0.07. The total capital return value is set at 0.13.
Based on Lytus Technologies Holdings PTV Ltd (LYT), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8.
Currently, EBITDA for the company is 1.72 million with net debt to EBITDA at 1.5. When we switch over and look at the enterprise to sales, we see a ratio of 0.35. The receivables turnover for the company is 8.57for trailing twelve months and the total asset turnover is 0.93.
Conclusion
In conclusion, Lytus Technologies Holdings PTV Ltd (LYT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
