Bytes Technology (UK) Today
| BYIT Stock | 453.60 2.00 0.44% |
Performance0 of 100
| Odds Of DistressLess than 9
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Bytes Technology is selling for under 453.60 as of the 1st of December 2024; that is 0.44 percent increase since the beginning of the trading day. The stock's lowest day price was 451.6. Bytes Technology has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Bytes Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of June 2023 and ending today, the 1st of December 2024. Click here to learn more.
Business Domain Software & Services | Category Technology | Classification Information Technology |
Bytes Technology is entity of United Kingdom. It is traded as Stock on LSE exchange. The company has 240.94 M outstanding shares. More on Bytes Technology
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Bytes Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Bytes Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bytes Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO Director | Neil Murphy | ||||
| Thematic Idea | Computers (View all Themes) | ||||
| Business Concentration | Application Software, Software - Infrastructure, Information Technology, Computers, Information Technology, Software, Software-Infrastructure, Technology, Computing (View all Sectors) | ||||
Bytes Technology's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Bytes Technology's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsBytes Technology can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bytes Technology's financial leverage. It provides some insight into what part of Bytes Technology's total assets is financed by creditors.
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Bytes Technology (BYIT) is traded on London Exchange in UK and employs 1,057 people. Bytes Technology is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.09 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bytes Technology's market, we take the total number of its shares issued and multiply it by Bytes Technology's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Bytes Technology operates under Software sector and is part of Information Technology industry. The entity has 240.94 M outstanding shares.
Bytes Technology generates positive cash flow from operations, but has no cash available
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Ownership AllocationBytes Technology holds a total of 240.94 Million outstanding shares. The majority of Bytes Technology outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Bytes Technology to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Bytes Technology. Please pay attention to any change in the institutional holdings of Bytes Technology as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Bytes Technology Risk Profiles
Although Bytes Technology's alpha and beta are two of the key measurements used to evaluate Bytes Technology's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.54 | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.89 | |||
| Risk Adjusted Performance | (0.01) |
Bytes Stock Against Markets
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Additional Tools for Bytes Stock Analysis
When running Bytes Technology's price analysis, check to measure Bytes Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bytes Technology is operating at the current time. Most of Bytes Technology's value examination focuses on studying past and present price action to predict the probability of Bytes Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bytes Technology's price. Additionally, you may evaluate how the addition of Bytes Technology to your portfolios can decrease your overall portfolio volatility.