Siyata Mobile Inc (NASDAQ: SYTA)’s stock price has plunge by -16.89relation to previous closing price of 4.50. Nevertheless, the company has seen a -51.95% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-31 that Reverse Stock-Split to be effective on August 2, 2024 VANCOUVER, BC, July 31, 2024 /PRNewswire/ — Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it will effect a 1-for-18 reverse stock split (“Reverse Stock Split”) of its common share, no par value per share (“Common Share”). The Reverse Stock Split will become effective at 12:01 a.m.
Is It Worth Investing in Siyata Mobile Inc (NASDAQ: SYTA) Right Now?
Additionally, the 36-month beta value for SYTA is 1.18. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The average trading volume of SYTA on August 06, 2024 was 220.34K shares.
SYTA’s Market Performance
SYTA’s stock has seen a -51.95% decrease for the week, with a -68.90% drop in the past month and a -93.26% fall in the past quarter. The volatility ratio for the week is 20.72%, and the volatility levels for the past 30 days are at 17.63% for Siyata Mobile Inc The simple moving average for the past 20 days is -62.33% for SYTA’s stock, with a -93.49% simple moving average for the past 200 days.
SYTA Trading at -79.39% 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 -99.52% of loss for the given period.
Volatility was left at 17.63%, however, over the last 30 days, the volatility rate increased by 20.72%, as shares sank -71.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -90.85% lower at present.
During the last 5 trading sessions, SYTA fell by -51.95%, which changed the moving average for the period of 200-days by -98.70% in comparison to the 20-day moving average, which settled at $9.46. In addition, Siyata Mobile Inc saw -95.06% 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:
- -1.13 for the present operating margin
- 0.2 for the gross margin
The net margin for Siyata Mobile Inc stands at -1.23. The total capital return value is set at -1.35. Equity return is now at value -105.70, with -69.30 for asset returns.
Based on Siyata Mobile Inc (SYTA), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at -1.95. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is -6.27.
Currently, EBITDA for the company is -9.6 million with net debt to EBITDA at -0.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 5.85for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In conclusion, Siyata Mobile Inc (SYTA) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
