The Week Ahead: Are Investors Really Too Optimistic About Siyata Mobile Inc (NASDAQ: SYTA)

Siyata Mobile Inc (NASDAQ:SYTA) currently has a daily average trading volume of 3.85M but it saw 1979067 shares traded in last market. With a market cap of 1.15M USD, the company’s current market price of $0.26 came falling about -7.19 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $43.26 and as low as $0.25.

Taking a look at 20-day trading activity of Siyata Mobile Inc (SYTA) gives us an average price of $0.5725, while its current price level is -99.39% below from 52-week high level whereas it is 4.71% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.0510 while that of 200 days or SMA-200 reads an average of $3.2760. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.13% during that period while stretching the period over a month that decreases to 16.36%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 20.77 which implies that the stock is in oversold territory.

Over the week, SYTA’s stock price is moving -43.46% down while it is -61.48% when we observe its performance for the past one month. Year-to-date it is -93.71% down and over the past year, the stock is showing a downside performance of -99.11%.

Currently, Siyata Mobile Inc’s total number of outstanding shares is 4.36M. Company’s return on investment (ROI) stands at -147.27% and return on equity (ROE) at -112.53%. Stock’s beta reads 1.19. Stock has a price to book (P/B) ratio of 0.02 while price to sale or P/S ratio amounts to 0.13. Its return on asset (ROA) is -72.00% on average.