Looking To Buy Siyata Mobile Inc. (SYTA)? Read This First

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Siyata Mobile Inc. (NASDAQ:SYTA) saw an upside of 1.83% to close Tuesday at $0.18 after adding $0.01 on the day. The 5-day average trading volume is 16,714,480 shares of the company’s common stock. It has gained $0.2920 in the past week and touched a new high 1 time within the past 5 days. An average of 6,710,945 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,528,866.

SYTA’s 1-month performance is 21.67% or $0.0180 on its low of $0.1300 reached on 01/19/23. The company’s shares have touched a 52-week low of $0.11 and high of $1.62, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, SYTA has achieved 16.34% or $0.0250 and has reached a new high 4 times. However, the current price is down -89.01% from the 52-week high price.

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Valuation Metrics

SYTA stock has a beta of 1.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.39 while the price-to-book (PB) in the most recent quarter is 0.25.

Siyata Mobile Inc.’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 2.20. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.04, while the total debt to equity was 0.12.. In terms of profitability, the gross margin trailing 12 months is 22.00%. The firm’s gross profit as reported stood at $1.87 million against revenue of $7.55 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$23.63 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SYTA to announce -$0.39 per share in earnings in its latest quarter, but it posted -$1.04, representing a -166.70% surprise. EBITDA for the quarter stood at more than -$2.12 million. SYTA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 4.82 million, with total debt at $1.46 million.

Let’s look briefly at Siyata Mobile Inc. (SYTA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 45.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 186.61%.

The stock’s 5-day moving average is $0.1933, reflecting a -22.61% or -$0.0520 change from its current price. SYTA is currently trading +17.18% above its 20-day SMA, -75.28% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +64.81% and SMA200 by-84.92%.

Stochastic %K and %D was 27.55% and 34.10% and the average true range (ATR) pointed at 0.0324. The RSI (14) points at 48.30%, while the 14-day stochastic is at 29.63% with the period’s ATR at 0.0300. The stock’s 9-day MACD Oscillator is pointing at -0.0280 and -0.0218 on the 14-day charts.

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