Do Investors Have Much Faith In Siyata Mobile Inc (NASDAQ: SYTA)

Siyata Mobile Inc (NASDAQ:SYTA) does about 8.47M shares in volume on a normal day but saw 2401351 shares change hands in the recent trading day. The company now has a market cap of 14.07M USD. Its current market price is $2.76, marking a decrease of -18.34% compared to the previous close of $3.38. The 52 week high reached by this stock is $264.60 whilst the lowest price level in 52 weeks is $0.93.

The consensus objective for the share price is $1260.00, suggesting that the stock has a potential upside of 99.78% over the period.

The current price level is -26.07%, 16.13%, and -58.22% away from its SMA20, SMA50, and SMA200 respectively, with the SYTA price moving below the 50-day SMA on current market day. Siyata Mobile Inc (SYTA) stock is down -30.83% over the week and 181.75% over the past month. Its price is -54.61% year-to-date and -99.08% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at -2.22 and -11.12 for whole year. Expected sales for next quarter are $5.5M, which analysts say will come at $18.58M for the current fiscal year and next year at $18.58M. In addition, estimates put the company’s current quarterly revenue at an average of $4.13M.

To reach the target analysts have set, the stock logically needs to grow 99.78 percent from here.

Outstanding shares total 5.10M with insiders holding 0.00% of the shares and institutional holders owning 0.11% of the company’s common stock. The company has a return on investment of -414.21% and return on equity of -400.46%. The beta has a value of 2.27. Price to book ratio is 1.37 and price to sales ratio is 1.20.

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