Siyata Mobile Inc (NASDAQ: SYTA) Recovers 0.00% From 52-Week Low, Is SYTA Still A High-Risk, High-Reward Play?

Siyata Mobile Inc (NASDAQ:SYTA) currently has a daily average trading volume of 866.75K but it saw 1531546 shares traded in last market. With a market cap of 3.02M USD, the company’s current market price of $1.00 came falling about -2.91 while comparing to the previous closing price of $1.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $885.58 and as low as $1.00.

Taking a look at 20-day trading activity of Siyata Mobile Inc (SYTA) gives us an average price of $1.2775, while its current price level is -99.89% below from 52-week high level whereas it is 0.00% 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 $1.8853 while that of 200 days or SMA-200 reads an average of $11.4239. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.67% during that period while stretching the period over a month that increases to 10.51%. 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 27.00 which implies that the stock is in oversold territory.

Over the week, SYTA’s stock price is moving -12.28% down while it is -37.89% when we observe its performance for the past one month. Year-to-date it is -83.55% down and over the past year, the stock is showing a downside performance of -99.82%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -3.48 while estimate for next year EPS is -11.26. In next quarter, company is expected to be making quarterly sales of $2.8M as analysts are expecting the sales for current fiscal year at $18.22M and seeing the company making $18.22M in sales next year. Moreover, analysts are in estimates of $2.8M for current-quarter revenue.

Currently, Siyata Mobile Inc’s total number of outstanding shares is 0.79M with 0.00% of that held by the insiders while 0.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -593.26% and return on equity (ROE) at -370.85%. Stock’s beta reads 1.32. Stock has a price to book (P/B) ratio of 0.20 while price to sale or P/S ratio amounts to 0.26. Its return on asset (ROA) is -166.25% on average.