An Analysis Of Siyata Mobile Inc. (SYTA)’s Weekly Performance

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As of Wednesday close, Siyata Mobile Inc.’s (NASDAQ:SYTA) stock was down -$0.01, moving down -5.57 percent to $0.17. The average number of shares traded per day over the past five days has been 7,064,680 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0089 gain in that time frame. In the last twenty days, the average volume was 9,990,971, while in the previous 50 days, it was 6,695,220.

Since last month, SYTA stock rose 22.53%. Shares of the company fell to $0.1051 on 11/09/22, the lowest level in the past month. A 52-week high of $7.20 was reached on 01/03/22 after having rallying from a 52-week low of $0.11. Since the beginning of this year, SYTA’s stock price has dropped by -95.28% or -$3.5254, and marked a new high 1 time. However, the stock has declined by -97.57% since its 52-week high.


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Valuation Metrics

The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 0.99, the price-to-book (PB) ratio of 0.25.

Financial Health

In the three months ended September 29, Siyata Mobile Inc.’s quick ratio stood at 1.00, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.04, and the total debt-to-equity ratio was 0.12. On the profitability front, the trailing twelve-month gross margin is 22.00% percent. Based on annual data, SYTA earned $1.87 million in gross profit and brought in $7.55 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SYTA’s revenue rose 100.0% during the quarter, while net income inched up to $7.55 million. While analysts expected Siyata Mobile Inc. to report -$0.39 quarterly earnings, the actual figure was -$1.04 per share, beating the consensus estimate by -166.70%. During the quarter, the company generated -$2.12 million in EBITDA. The liabilities of Siyata Mobile Inc. were 4.82 million at the end of its most recent quarter ended September 29, and its total debt was $2.51 million.

Technical Picture

This quick technical analysis looks at Siyata Mobile Inc.’s (SYTA) price momentum. With a historical volatility rate of 195.51%, the RSI 9-day stood at 55.39% on 23 November.

With respect to its five-day moving average, the current Siyata Mobile Inc. price is up by +5.37% percent or $0.0089. At present, SYTA shares trade +20.17% above its 20-day simple moving average and -82.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -69.37% below its SMA50 and -86.57% below its SMA200.

Stochastic coefficient K was 50.97% and Stochastic coefficient D was 46.40%, while ATR was 0.0299. Given the Stochastic reading of 44.58% for the 14-day period, the RSI (14) reading has been calculated as 49.04%. As of today, the MACD Oscillator reading stands at 0.0159, while the 14-day reading stands at 0.0325.

Analyst Ratings

Siyata Mobile Inc. (SYTA) has been rated Buy by analysts. According to 0 brokerage firms, SYTA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Siyata Mobile Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $0.50, the current consensus forecast for the stock is $0.50 – $0.50. Based on these forecasts, analysts predict Siyata Mobile Inc. (SYTA) will achieve an average price target of $0.50.

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