Syra Health Corp (NASDAQ: SYRA) has experienced a decline in its stock price by -3.03 compared to its previous closing price of 0.99. However, the company has seen a fall of -17.79% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-25 that Syra Health Corp. (SYRA) Q4 2023 Earnings Call Transcript
Is It Worth Investing in Syra Health Corp (NASDAQ: SYRA) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The average trading volume of SYRA on April 24, 2024 was 1.90M shares.
SYRA’s Market Performance
The stock of Syra Health Corp (SYRA) has seen a -17.79% decrease in the past week, with a -35.88% drop in the past month, and a 4.54% gain in the past quarter. The volatility ratio for the week is 12.44%, and the volatility levels for the past 30 days are at 10.36% for SYRA. The simple moving average for the past 20 days is -22.94% for SYRA’s stock, with a -37.79% simple moving average for the past 200 days.
SYRA Trading at -43.19% from the 50-Day Moving Average
After a stumble in the market that brought SYRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.51% of loss for the given period.
Volatility was left at 10.36%, however, over the last 30 days, the volatility rate increased by 12.44%, as shares sank -24.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -71.17% lower at present.
During the last 5 trading sessions, SYRA fell by -17.93%, in comparison to the 20-day moving average, which settled at $1.2321. In addition, Syra Health Corp saw -5.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SYRA starting from Allam Sandeep, who purchase 294 shares at the price of $1.31 back on Dec 14 ’23. After this action, Allam Sandeep now owns 3,730 shares of Syra Health Corp, valued at $385 using the latest closing price.
Syed Feroz, the 10% Owner of Syra Health Corp, purchase 175 shares at $1.42 during a trade that took place back on Dec 14 ’23, which means that Syed Feroz is holding 1,825 shares at $248 based on the most recent closing price.
Conclusion
In summary, Syra Health Corp (SYRA) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
