Syra Health Corp (NASDAQ: SYRA): Retirees Don’t Worry About Volatility

Syra Health Corp (NASDAQ:SYRA) currently has a daily average trading volume of 140.39K but it saw 4022376 shares traded in last market. With a market cap of 2.84M USD, the company’s current market price of $0.43 came falling about -46.26 while comparing to the previous closing price of $0.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.37 and as low as $0.80. In the recent trading on the day, stock has struck highest price mark of $0.345 while lowest mark touched by it was $0.435.

Taking a look at 20-day trading activity of Syra Health Corp (SYRA) gives us an average price of $1.0353, while its current price level is -94.86% below from 52-week high level whereas it is -46.25% 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 $1.2011 while that of 200 days or SMA-200 reads an average of $1.3791. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.47% during that period while stretching the period over a month that decreases to 12.18%. 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 18.40 which implies that the stock is in oversold territory.

Over the week, SYRA’s stock price is moving -57.00% down while it is -67.86% when we observe its performance for the past one month. Year-to-date it is -57.66% down and over the past year.

The company is expected to be releasing its next quarterly report in October, for which analysts forecasted an EPS of -0.21 while estimate for next year EPS is -0.86. In next quarter, company is expected to be making quarterly sales of $2.01M as analysts are expecting the sales for current fiscal year at $7.72M and seeing the company making $nan in sales next year. Moreover, analysts are in estimates of $1.99M for current-quarter revenue.

Currently, Syra Health Corp’s total number of outstanding shares is 5.59M. Company’s return on investment (ROI) stands at -179.16% and return on equity (ROE) at -688.49%. Stock’s beta reads 5.25. Stock has a price to book (P/B) ratio of 1.36 while price to sale or P/S ratio amounts to 0.40. Its return on asset (ROA) is -166.37% on average.