Siyata Mobile Inc (NASDAQ: SYTA)’s stock price has increased by 92.18 compared to its previous closing price of 1.01. However, the company has seen a 131.07% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-19 that Rising Demand for Private Security Represents a Compelling Market Opportunity VANCOUVER, BC, Sept. 19, 2024 /PRNewswire/ — Siyata Mobile Inc. (Nasdaq: SYTA) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, today announced that its SD7 handsets and VK7 vehicle kits were purchased and deployed by a new customer, Trans-West Security Systems, Inc. (“Trans-West”).
Is It Worth Investing in Siyata Mobile Inc (NASDAQ: SYTA) Right Now?
Additionally, the 36-month beta value for SYTA is 1.16. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SYTA is 0.80M and currently, short sellers hold a 31.29% ratio of that float. The average trading volume of SYTA on October 21, 2024 was 986.29K shares.
SYTA’s Market Performance
SYTA stock saw an increase of 131.07% in the past week, with a monthly gain of 86.63% and a quarterly increase of -74.85%. The volatility ratio for the week is 11.64%, and the volatility levels for the last 30 days are 9.84% for Siyata Mobile Inc (SYTA). The simple moving average for the last 20 days is 103.52% for SYTA stock, with a simple moving average of -94.13% for the last 200 days.
SYTA Trading at 48.79% 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 -99.29% of loss for the given period.
Volatility was left at 9.84%, however, over the last 30 days, the volatility rate increased by 11.64%, as shares surge +107.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.03% lower at present.
During the last 5 trading sessions, SYTA rose by +139.88%, which changed the moving average for the period of 200-days by -97.55% in comparison to the 20-day moving average, which settled at $0.9574. In addition, Siyata Mobile Inc saw -97.44% 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:
- -1.45 for the present operating margin
- 0.14 for the gross margin
The net margin for Siyata Mobile Inc stands at -2.69. The total capital return value is set at -8.75. Equity return is now at value -329.04, with -119.92 for asset returns.
Based on Siyata Mobile Inc (SYTA), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at -2.66. The debt to equity ratio resting at 4.15. The interest coverage ratio of the stock is -4.65.
Currently, EBITDA for the company is -9.6 million with net debt to EBITDA at -0.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 5.28for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
In conclusion, Siyata Mobile Inc (SYTA) has seen mixed 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.
