Siyata Mobile Inc. (NASDAQ:SYTA) saw a downside of -5.02% to close Tuesday at $0.04 after subtracting -$0.01 on the day. The 5-day average trading volume is 52,919,664 shares of the company’s common stock. It has gained $0.0618 in the past week and touched a new high 2 times within the past 5 days. An average of 25,784,795 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 18,290,467.
SYTA’s 1-month performance is -39.92% or -$0.0185 on its low of $0.0404 reached on 07/28/23. The company’s shares have touched a 52-week low of $0.04 and high of $0.85, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, SYTA has lost -71.57% or -$0.1095 and has reached a new high 4 times. However, the current price is down -94.88% from the 52-week high price.
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Valuation Metrics
SYTA stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.14 while the price-to-book (PB) in the most recent quarter is 0.21.
Siyata Mobile Inc.’s quick ratio for the period ended March 30 was 1.20, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.04, while the total debt to equity was 0.07.. In terms of profitability, the gross margin trailing 12 months is 21.90%. The firm’s gross profit as reported stood at $1.39 million against revenue of $6.48 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down 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 -$0.09 per share in earnings in its latest quarter, but it posted -$0.13, representing a -44.40% surprise. EBITDA for the quarter stood at more than -$2.26 million. SYTA stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 3.58 million, with total debt at $0.84 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 08 August was 38.63% to suggest the stock is trending Neutral, with historical volatility in this time period at 97.00%.
The stock’s 5-day moving average is $0.0472, reflecting a +2.35% or $0.0010 change from its current price. SYTA is currently trading -20.62% above its 20-day SMA, -75.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -61.33% and SMA200 by-70.98%.
Stochastic %K and %D was 25.86% and 36.86% and the average true range (ATR) pointed at 0.0066. The RSI (14) points at 36.92%, while the 14-day stochastic is at 14.49% with the period’s ATR at 0.0071. The stock’s 9-day MACD Oscillator is pointing at 0.0006 and 0.0007 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for SYTA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SYTA as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is SYTA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.46 and a high of $0.75, with their median price target at $0.61. Looking at these predictions, the average price target given by analysts is for Siyata Mobile Inc. (SYTA) stock is $0.61.
