Siyata Mobile Inc. (NASDAQ:SYTA) currently has a daily average trading volume of 4.81M but it saw 2785496 shares traded on Thursday. With a market cap of 7.60M USD, stock’s current market price of $0.17 came falling about -4.39 while comparing to the previous closing price of $0.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.62 and as low as $0.11. In the recent trading on the day, stock has struck highest price mark of $0.183 while lowest mark touched by it was $0.166.
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Taking a look at 20-day trading activity of Siyata Mobile Inc. (SYTA) gives us an average price of $0.1909, while its current price level is -89.38% below from 52-week high level whereas it is 63.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1841 while that of 200 days or SMA-200 reads an average of $0.4684. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.14% during that period while stretching the period over a month that decreases to 15.03%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.49 which implies that the stock is in neutral territory.
Siyata Mobile Inc. (SYTA)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $0.50 and $0.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $0.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $0.50. Average price target assigned by them is $0.50 which highlights an upside potential of 66.0% for the stock over that period. And to attain the median price target of $0.50 assigned by those analysts, stock has to add about 66.0% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold.
Over the week, SYTA’s stock price is moving -27.49% down while it is 11.33% when we observe its performance for the past one month. Year-to-date it is 12.42% up and over the past year, the stock is showing a downside performance of -85.30%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2021, when its quarterly earnings per share (EPS) of -$1.04 beaten by the consensus estimate of -$0.39 for the same. The company is expected to be releasing its next quarterly report in 05/30/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0. In next quarter, company is expected to be making quarterly sales of $4 million as analysts are expecting the sales for current fiscal year at $13.62 million and seeing the company making $25.61 million in sales next year. Moreover, analysts are in estimates of $3.63 million for current-quarter revenue.
Currently, Siyata Mobile Inc.’s total number of outstanding shares is 44.87M with 1.75% of that held by the insiders while 6.56% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -147.90%. Stock’s beta reads 1.51. Stock has a price to book (P/B) ratio of 0.24 while price to sale or P/S ratio amounts to 1.21. Its return on asset (ROA) is -78.40% on average.
As per SEC documents, Fidelity Nasdaq Composite Index F shunned 19,350 of company’s common stock of worth $3677.0 as per recent closing price of the stock. Fidelity Nasdaq Composite Index F is not the only institutional holder which restructured its stake in Siyata Mobile Inc., as GWL Growth Equity Fund dumped 1,062 shares of worth $202.0 to bring its holdings to a total of 269.0 shares. In the most recent quarter, London Life Growth Equity Fund came cutting its stake by -100.00% in the company and now holds 0.0 or 0.00% of the company’s stake having worth of about 0.0.
