The trading price of Siyata Mobile Inc (NASDAQ:SYTA) closed lower on Friday, November 15, and closing at $1.27, -0.78% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.21 and $1.51. In examining the 52-week price action we see that the stock hit a 52-week high of $90.90 and a 52-week low of $0.76. Over the past month, the stock has gained 29.72% in value.
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Siyata Mobile Inc, whose market valuation is $1.01 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -2.7 per share this quarter, however they have predicted annual earnings per share of -27.78 for current year and -9.09 for next year.
Analysts have forecast the company to bring in revenue of 5.62M for the current quarter, with the likely lows of 5.62M and highs of 5.62M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 19.73M.
On the technical side, indicators suggest SYTA has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that SYTA’s price is currently 1.44% off the SMA20 and 16.51% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.87, and weekly volatility stands at 12.51%. When measured over the past 30 days, the indicator reaches 17.89%. Siyata Mobile Inc (NASDAQ:SYTA)’s beta value is currently sitting at 1.11, while the Average True Range indicator is currently displaying 0.19.
To see how Siyata Mobile Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SYTA stock’s performance was -0.78% in the latest trading, and -98.43% in the past year.
An evaluation of the daily trading volume of Siyata Mobile Inc (NASDAQ:SYTA) indicates that the 3-month average is 3.10 million. However, this figure has increased over the past 10 days to an average of 1.64.
The insiders hold 0.00% of outstanding shares, whereas institutions hold 5.27%. The stats also highlight that short interest as of 2024-10-31, stood at 98330.0 shares, resulting in a short ratio of 0.02 at that time. From this, we can conclude that short interest is 246.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.25 million. However, since the stock’s price has seen -98.32% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
