Siyata Mobile Inc (NASDAQ: SYTA)’s stock price has plunge by 5.79relation to previous closing price of 1.21. Nevertheless, the company has seen a 5.79% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-14 that Accelerating Adoption Driving Exponential Increase in Unit Sales Management to Host Conference Call at 8:30 a.m. ET on Friday, November 15 VANCOUVER, BC, Nov. 14, 2024 /PRNewswire/ — Siyata Mobile Inc. (Nasdaq: SYTA) (“Siyata” or the “Company”), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced its financial results for the three months ended September 30, 2024.
Is It Worth Investing in Siyata Mobile Inc (NASDAQ: SYTA) Right Now?
The 36-month beta value for SYTA is at 1.10. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SYTA is 0.80M, and currently, shorts hold a 12.29% of that float. The average trading volume for SYTA on November 15, 2024 was 3.05M shares.
SYTA’s Market Performance
The stock of Siyata Mobile Inc (SYTA) has seen a 5.79% increase in the past week, with a 49.03% rise in the past month, and a -36.00% fall in the past quarter. The volatility ratio for the week is 8.94%, and the volatility levels for the past 30 days are at 17.42% for SYTA. The simple moving average for the last 20 days is 3.31% for SYTA stock, with a simple moving average of -95.21% for the last 200 days.
SYTA Trading at 17.45% 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 -98.59% of loss for the given period.
Volatility was left at 17.42%, however, over the last 30 days, the volatility rate increased by 8.94%, as shares surge +30.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.40% upper at present.
During the last 5 trading sessions, SYTA rose by +5.79%, which changed the moving average for the period of 200-days by -98.06% in comparison to the 20-day moving average, which settled at $1.2390. In addition, Siyata Mobile Inc saw -98.31% 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 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at -4.13. The debt to equity ratio resting at 2.67. The interest coverage ratio of the stock is -4.65.
Currently, EBITDA for the company is -10.34 million with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.21. 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 had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
