Look Past The Setbacks And Give Siyata Mobile Inc (NASDAQ: SYTA) Another Chance

Siyata Mobile Inc (NASDAQ:SYTA) currently has a daily average trading volume of 2.64M but it saw 29017804 shares traded in last market. With a market cap of 3.34M USD, the company’s current market price of $0.82 came rising about 9.63 while comparing to the previous closing price of $0.75. In past 52 weeks, the stock remained buoying in the range of price level as high as $90.90 and as low as $0.64. In the recent trading on the day, stock has struck highest price mark of $0.7801 while lowest mark touched by it was $0.935.

Taking a look at 20-day trading activity of Siyata Mobile Inc (SYTA) gives us an average price of $0.8987, while its current price level is -99.10% below from 52-week high level whereas it is 28.13% 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 $1.0182 while that of 200 days or SMA-200 reads an average of $21.0061. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.97% during that period while stretching the period over a month that decreases to 12.54%. 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 42.48 which implies that the stock is in neutral territory.

Over the week, SYTA’s stock price is moving 19.52% up while it is -33.33% when we observe its performance for the past one month. Year-to-date it is -98.92% down and over the past year, the stock is showing a downside performance of -98.44%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.7 while estimate for next year EPS is -10.76. In next quarter, company is expected to be making quarterly sales of $4.21M as analysts are expecting the sales for current fiscal year at $19.95M and seeing the company making $23.88M in sales next year. Moreover, analysts are in estimates of $5.76M for current-quarter revenue.

Currently, Siyata Mobile Inc’s total number of outstanding shares is 4.07M. Company’s return on investment (ROI) stands at -195.53% and return on equity (ROE) at -181.81%. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 0.26 while price to sale or P/S ratio amounts to 0.28. Its return on asset (ROA) is -113.68% on average.