Siyata Mobile Inc (NASDAQ: SYTA) Stock: Does It Mean Opportunity?

In the last trading session, 1.22 million shares of the Siyata Mobile Inc (NASDAQ:SYTA) were traded, and its beta was 1.09. Most recently the company’s share price was $1.04, and it changed around -$0.23 or -18.11% from the last close, which brings the market valuation of the company to $0.83M. SYTA currently trades at a discount to its 52-week high of $90.90, offering almost -8640.38% off that amount. The share price’s 52-week low was $0.76, which indicates that the current value has risen by an impressive 26.92% since then. We note from Siyata Mobile Inc’s average daily trading volume that its 10-day average is 1.64 million shares, with the 3-month average coming to 3.18 million.

Siyata Mobile Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended SYTA as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Siyata Mobile Inc is expected to report earnings per share of -2.7 for the current quarter.

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Siyata Mobile Inc (NASDAQ:SYTA) trade information

Instantly SYTA has showed a red trend with a performance of -18.11% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.5100 on recent trading dayincreased the stock’s daily price by 31.13%. The company’s shares are currently down -98.63% year-to-date, but still down -18.11% over the last five days. On the other hand, Siyata Mobile Inc (NASDAQ:SYTA) is 2.97% up in the 30-day period. We can see from the shorts that 98330.0 shares have been sold at a short interest cover period of 0.02 day(s).

Siyata Mobile Inc (SYTA) estimates and forecasts

The year-over-year growth rate is expected to be 77.30%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 5.62M in revenue for the current quarter. 1 analysts expect Siyata Mobile Inc to make 4.11M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.54M and 3.21M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 121.37%. Forecasts for the next quarter put sales growth at 28.23%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 64.08%.

SYTA Dividends

Siyata Mobile Inc’s next quarterly earnings report is expected to be released on 2024-Nov-14.

Siyata Mobile Inc (NASDAQ:SYTA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.00% of Siyata Mobile Inc shares, and 1.00% of them are in the hands of institutional investors. The stock currently has a share float of 1.00%.