As of Friday close, Siyata Mobile Inc.’s (NASDAQ:SYTA) stock traded at $0.05. The average number of shares traded per day over the past five days has been 48,704,621 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0050 gain in that time frame. In the last twenty days, the average volume was 30,788,855, while in the previous 50 days, it was 17,962,795.
Since last month, SYTA stock retreated -12.77%. Shares of the company fell to $0.0404 on 07/28/23, the lowest level in the past month. A 52-week high of $0.85 was reached on 01/18/23 after having rallying from a 52-week low of $0.04. Since the beginning of this year, SYTA’s stock price has dropped by -68.30% or -$0.1045, and marked a new high 4 times. However, the stock has declined by -94.29% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 1.23, the price-to-book (PB) ratio of 0.23.
Financial Health
In the three months ended March 30, Siyata Mobile Inc.’s quick ratio stood at 1.20, while its current ratio was 2.40, 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 March 30 was 0.04, and the total debt-to-equity ratio was 0.07. On the profitability front, the trailing twelve-month gross margin is 21.90% percent. Based on annual data, SYTA earned $1.39 million in gross profit and brought in $6.48 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -178.00%. Return on equity (ROE) for the past 12 months was -174.20%.
According to the earnings report, the company had a lower 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 -$0.09 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by -44.40%. During the quarter, the company generated -$2.26 million in EBITDA. The liabilities of Siyata Mobile Inc. were 3.58 million at the end of its most recent quarter ended March 30, and its total debt was $0.84 million.
Technical Picture
This quick technical analysis looks at Siyata Mobile Inc.’s (SYTA) price momentum. With a historical volatility rate of 88.22%, the RSI 9-day stood at 47.79% on 04 August.
With respect to its five-day moving average, the current Siyata Mobile Inc. price is up by +11.49% percent or $0.0050. At present, SYTA shares trade -21.77% below its 20-day simple moving average and -77.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately -62.58% below its SMA50 and -69.69% below its SMA200.
Stochastic coefficient K was 45.62% and Stochastic coefficient D was 35.33%, while ATR was 0.0063. Given the Stochastic reading of 37.85% for the 14-day period, the RSI (14) reading has been calculated as 41.52%.
Analyst Ratings
Siyata Mobile Inc. (SYTA) has been rated Overweight by analysts. According to 0 brokerage firms, SYTA is a sell, and 1 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 $0.61, the current consensus forecast for the stock is $0.46 – $0.75. Based on these forecasts, analysts predict Siyata Mobile Inc. (SYTA) will achieve an average price target of $0.61.
