Siyata Mobile Inc (NASDAQ:SYTA) price on Thursday, March 28, rose 16.50% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.60.
A look at the stock’s price movement, the close in the last trading session was $3.09. The beta value (5-Year monthly) was 1.24. Turning to its 52-week performance, $147.00 and $2.33 were the 52-week high and 52-week low respectively. Overall, SYTA moved 3.15% over the past month.
Siyata Mobile Inc’s market cap currently stands at around $6.66 million. Analysts project the company’s earnings per share (EPS) to be -$4.83, which has seen fiscal year 2023 EPS growth forecast to increase to -$121.8 and about -$9.62 for fiscal year 2024. Per the data, EPS growth is expected to be 76.20% for 2024 and 92.10% for the next financial year.
Analysts have a consensus estimate of $2.45 million for the company’s revenue for the quarter, with a low and high estimate of $2.4 million and $2.5 million respectively. The average forecast suggests up to a 16.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $8.84 million, representing a 36.40% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SYTA is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
SYTA’s current price about 12.85% and 7.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.38, while 7-day volatility ratio is 15.37% and 9.57% in the 30-day chart. Further, Siyata Mobile Inc (SYTA) has a beta value of 1.23, and an average true range (ATR) of 0.33.
If we refocus on Siyata Mobile Inc (NASDAQ:SYTA), historical trading data shows that trading volumes averaged 20230.0 over the past 10 days and 17.73K over the past 3 months. The company’s latest data on shares outstanding shows there are 1.85 million shares.
The 0.00% of Siyata Mobile Inc’s shares are in the hands of company insiders while institutional holders own 0.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 27740.0 on Mar 15, 2024, giving us a short ratio of 2.33. The data shows that as of Mar 15, 2024 short interest in Siyata Mobile Inc (SYTA) stood at 10.47% of shares outstanding, with shares short rising to 3610.0 registered in Feb 15, 2024. Current price change has pushed the stock -14.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SYTA stock continues to rise going into the next quarter.
