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LYT
Stock ticker: NASDAQ
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Capitalization
9.93M

LYT Lytus Technologies Holdings PTV Ltd Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for LYT with price predictions
08:00 PM EDT Sep 20, 2023

Momentum Indicator for LYT turns negative, indicating new downward trend

LYT saw its Momentum Indicator move below the 0 level on September 01, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 17 similar instances where the indicator turned negative. In of the 17 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for LYT turned negative on September 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 7 similar instances when the indicator turned negative. In of the 7 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LYT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for LYT entered a downward trend on September 13, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where LYT advanced for three days, in of 51 cases, the price rose further within the following month. The odds of a continued upward trend are .

LYT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.210) is normal, around the industry mean (21.144). P/E Ratio (39.062) is within average values for comparable stocks, (153.099). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.665). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (0.479) is also within normal values, averaging (74.068).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. LYT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LYT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Activision Blizzard (NASDAQ:ATVI), Palo Alto Networks (NASDAQ:PANW).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 8.23B. The market cap for tickers in the group ranges from 291 to 2.38T. MSFT holds the highest valuation in this group at 2.38T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 4%. NAHD experienced the highest price growth at 721%, while SPLTF experienced the biggest fall at -67%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 86%. For the same stocks of the Industry, the average monthly volume growth was 82% and the average quarterly volume growth was 105%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 73
Price Growth Rating: 62
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: -18 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
The Meydan Hotel, Nad Al Sheba
Phone
N/A
Employees
8
Web
https://www.lytuscorp.com
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LYT and

Correlation & Price change

A.I.dvisor indicates that over the last year, LYT has been loosely correlated with CGNT. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if LYT jumps, then CGNT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LYT
1D Price
Change %
LYT100%
-6.26%
CGNT - LYT
44%
Loosely correlated
-1.34%
TOST - LYT
26%
Poorly correlated
-2.98%
ONTF - LYT
25%
Poorly correlated
-0.99%
YOU - LYT
25%
Poorly correlated
-5.64%
PLTK - LYT
24%
Poorly correlated
-2.77%
More