In yesterday’s Wall Street session, Siyata Mobile Inc. (NASDAQ:SYTA) shares traded at $0.04, down -5.02% from the previous session.
2 analysts cover Siyata Mobile Inc. (NASDAQ:SYTA), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $0.75 and a low of $0.46, we find $0.61. Given the previous closing price of $0.05, this indicates a potential upside of 1120.0 percent. SYTA stock price is now -39.19% away from the 50-day moving average and -68.06% away from the 200-day moving average. The market capitalization of the company currently stands at $8.52M.
The stock has received a hold rating from 1 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $0.61 as their price target over the next twelve months.
A total of 9.29% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SYTA stock. A new stake in Siyata Mobile Inc. shares was purchased by ANSON FUNDS MANAGEMENT LP during the first quarter worth $155,000. TWO SIGMA SECURITIES, LLC invested $7,000 in shares of SYTA during the first quarter. In the first quarter, HIGHTOWER ADVISORS, LLC acquired a new stake in Siyata Mobile Inc. valued at approximately $6,000. GREAT POINT WEALTH ADVISORS, LLC acquired a new stake in SYTA for approximately $4,000. CVI HOLDINGS, LLC purchased a new stake in SYTA valued at around $3,000 in the second quarter. In total, there are 16 active investors with 6.20% ownership of the company’s stock.
On Tuesday morning Siyata Mobile Inc. (NASDAQ: SYTA) stock kicked off with the opening price of $0.0475. During the past 12 months, Siyata Mobile Inc. has had a low of $0.04 and a high of $0.85. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 2.40, and a quick ratio of 1.20. The fifty day moving average price for SYTA is $0.0702 and a two-hundred day moving average price translates $0.1357 for the stock.
The latest earnings results from Siyata Mobile Inc. (NASDAQ: SYTA) was released for Mar, 2023. According to the Communication Equipment Company, earnings per share came in at -$0.13, missing analysts’ expectations of -$0.09 by -0.04. This compares to -$0.30 EPS in the same period last year. The company reported revenue of $1.8 million for the quarter, compared to $0.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 116.45 percent. For the current quarter, analysts expect SYTA to generate $2.53M in revenue.
Siyata Mobile Inc.(SYTA) Company Profile
Siyata Mobile Inc. develops and provides cellular-based communications platform. It develops, markets, and sells rugged handheld Push-to-Talk over Cellular smartphone devices for first responders, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in various industries. The company also offers VK7 Vehicle Kit and Uniden UV350 4G/LTE, an in-vehicle communication devices that incorporates voice, PoC, data, fleet management solutions, and other Android based applications for professional vehicles, such as trucks, vans, buses, emergency service vehicles, and other enterprise vehicles. In addition, it provides cellular amplifiers to boost the cellular signal inside homes, buildings, and vehicles. The company offers its products under the Uniden Cellular and Siyata brand names. It serves cellular network operators and their dealers, as well as commercial vehicle technology distributors for fleets in the United States, Canada, Europe, Australia, the Middle East, and internationally. The company is headquartered in Montreal, Canada.
