Siyata Mobile Inc (NASDAQ: SYTA)’s stock price has gone decline by -10.15 in comparison to its previous close of 3.09, however, the company has experienced a -4.72% decrease in its stock price over the last five trading days. Accesswire reported 2024-04-05 that Q4 2023 results to be reported after the market close on April 8 VANCOUVER, BC / ACCESSWIRE / April 5, 2024 / Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW) (“Siyata” or the “Company”), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced that it will host a conference call at 8:30 a.m. ET on Tuesday, April 9 to discuss its fourth quarter and year end 2023 financial results.
Is It Worth Investing in Siyata Mobile Inc (NASDAQ: SYTA) Right Now?
SYTA has 36-month beta value of 1.39. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SYTA is 0.61M, and currently, short sellers hold a 5.40% ratio of that float. The average trading volume of SYTA on May 07, 2024 was 28.41K shares.
SYTA’s Market Performance
SYTA stock saw a decrease of -4.72% in the past week, with a monthly decline of -21.03% and a quarterly a decrease of -25.91%. The volatility ratio for the week is 15.64%, and the volatility levels for the last 30 days are 15.85% for Siyata Mobile Inc (SYTA). The simple moving average for the past 20 days is -7.78% for SYTA’s stock, with a -71.52% simple moving average for the past 200 days.
SYTA Trading at -12.85% from the 50-Day Moving Average
After a stumble in the market that brought SYTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.36% of loss for the given period.
Volatility was left at 15.85%, however, over the last 30 days, the volatility rate increased by 15.64%, as shares sank -17.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.51% lower at present.
During the last 5 trading sessions, SYTA fell by -4.72%, which changed the moving average for the period of 200-days by -91.65% in comparison to the 20-day moving average, which settled at $2.98. In addition, Siyata Mobile Inc saw -34.16% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SYTA
Current profitability levels for the company are sitting at:
- -1.28 for the present operating margin
- 0.21 for the gross margin
The net margin for Siyata Mobile Inc stands at -2.49. The total capital return value is set at -1.05. Equity return is now at value -136.50, with -81.70 for asset returns.
Based on Siyata Mobile Inc (SYTA), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at -3.76. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is -12.56.
Currently, EBITDA for the company is -9.6 million with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.36. The receivables turnover for the company is 6.97for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
To put it simply, Siyata Mobile Inc (SYTA) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
