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Bytes Technology Group Plc (GB:BYIT)
LSE:BYIT
RESEARCH TOOLSreports
Bytes Technology Group Plc (BYIT) Share Price & Analysis
25 Followers
BYIT Stock Chart & Stats
Day’s Range0p - 0p
52-Week Range436.96p - 645.24p
Previous Close487p
Volume76.74K
Average Volume (3M)648.49K
Market Cap
£1.17B
Enterprise Value1.08B
Total Cash (Recent Filing)£88.84M
Total Debt (Recent Filing)£1.74M
Price to Earnings (P/E)24.9
Beta0.81
Next Earnings
Oct 23, 2024EPS EstimateN/A
Last Dividend Ex-Date
Jul 18, 2024Dividend Yield1.6%
Share Statistics
EPS (TTM)0.20
Shares Outstanding239,482,333
10 Day Avg. Volume962,967
30 Day Avg. Volume648,489
Standard Deviation0.05
R-Squared1.00
Alpha0.05
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)878.31
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
588.33pPrice Target Upside21.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Bytes Technology Group Plc News
PremiumCompany Announcements
Bytes Technology Expands Share Listing
PremiumCompany Announcements
Bytes Tech CFO Exercises and Sells Shares
PremiumCompany Announcements
Bytes Technology Group Declares Dividend Payouts
PremiumCompany Announcements
Bytes Technology Group Shareholders Show Strong Support
PremiumCompany Announcements
Bytes Technology Group Announces Growth Surge
PremiumCompany Announcements
Bytes Technology Empowers Employees with Sharesave OptionsPremiumCompany Announcements
Bytes Technology Group Reveals Share Capital Details
PremiumCompany Announcements
Bytes Technology Director Buys SharesBulls Say, Bears Say
Bulls Say
Cash FlowCash conversion was strong at approximately 105% with free cash flow coming in at around £56 million, in line with consensus.
Financial PerformanceStable demand and continued double-digit growth in GII and adjusted operating profit.
ManagementThe appointment of a new chief commercial officer for the private sector division is seen as a positive move.
Bears Say
EarningsGross profit growth has slowed to high single digits, a decline from previous double-digit trends.
Growth OutlookThe company faces a deeper growth deceleration in the second half of the fiscal year than previously expected.
Market ConditionsRecent company updates indicate unchanged market conditions, suggesting limited positive changes ahead.
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Options Prices
Currently, No data available
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Ownership Overview
3.46% Insiders
13.77% Mutual Funds
5.68% Other Institutional Investors
77.09% Public Companies and
Individual Investors
BYIT FAQ
What was Bytes Technology Group Plc’s price range in the past 12 months?
Bytes Technology Group Plc lowest share price was 436.96p and its highest was 645.24p in the past 12 months.
What is Bytes Technology Group Plc’s market cap?
Currently, no data Available
When is Bytes Technology Group Plc’s upcoming earnings report date?
Bytes Technology Group Plc’s upcoming earnings report date is Oct 23, 2024 which is in 93 days.
How were Bytes Technology Group Plc’s earnings last quarter?
Bytes Technology Group Plc released its earnings results on May 23, 2024. The company reported 0.089p earnings per share for the quarter, beating the consensus estimate of N/A by 0.089p.
Is Bytes Technology Group Plc overvalued?
According to Wall Street analysts Bytes Technology Group Plc’s price is currently Undervalued.
Does Bytes Technology Group Plc pay dividends?
Bytes Technology Group Plc pays a Annually dividend of 6p which represents an annual dividend yield of 1.6%. See more information on Bytes Technology Group Plc dividends here
What is Bytes Technology Group Plc’s EPS estimate?
Bytes Technology Group Plc’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Bytes Technology Group Plc have?
Bytes Technology Group Plc has 240,624,830 shares outstanding.
What happened to Bytes Technology Group Plc’s price movement after its last earnings report?
Bytes Technology Group Plc reported an EPS of 0.089p in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 3.424%.
Which hedge fund is a major shareholder of Bytes Technology Group Plc?
Currently, no hedge funds are holding shares in GB:BYIT
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Bytes Technology Group Plc Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
588.33p (21.31% Upside)
588.33p (21.31% Upside)
Insider Transactions
Bought Shares
Worth £122.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.89%
12-Months-Change
Fundamentals
Return on Equity
67.01%
Trailing 12-Months
Asset Growth
18.38%
Trailing 12-Months
Company Description
Bytes Technology Group Plc
Bytes Technology Group PLC provides IT solutions & services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) & Phoenix Software. It generates a majority of its revenue from Software.
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BYIT Stock 12 Month Forecast
Average Price Target
588.33p
▲(21.31% Upside)
Technical Analysis
Best Analysts Covering BYIT
1 Year
1 Year Success Rate
2/4 ratings generated profit
1 Year Average Return
-2.25%
reiterated a buy rating 5 months ago
Copying James Zaremba's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -2.25% per trade.
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