Siyata Mobile Inc. (NASDAQ: SYTA) stock jumped 3.01% on Wednesday to $0.13 against a previous-day closing price of $0.13. With 2.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.47 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $0.1365 whereas the lowest price it dropped to was $0.1250. The 52-week range on SYTA shows that it touched its highest point at $1.62 and its lowest point at $0.10 during that stretch. Beta for the stock currently stands at 1.48.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SYTA was up-trending over the past week, with a rise of 11.53%, but this was up by 23.61% over a month. Three-month performance dropped to -25.83% while six-month performance fell -31.26%. The stock lost -87.04% in the past year, while it has lost -12.75% so far this year. A look at the trailing 12-month EPS for SYTA yields -1.59 with Next year EPS estimates of -0.16. For the next quarter, that number is -0.09. This implies an EPS growth rate of 69.90% for this year and 27.30% for next year.
Float and Shares Shorts:
At present, 39.50 million SYTA shares are outstanding with a float of 32.91 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.79 million, which was 1.26% higher than short shares on Mar 30, 2023. In addition to Mr. Marc L. Seelenfreund as the firm’s Pres, CEO & Director, Mr. Gerald Bernstein serves as its Chief Financial Officer.
Through their ownership of 5.33% of SYTA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 21.65% of SYTA, in contrast to 0.11% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SYTA with 10.07% of the stake, Anson Funds Management LP holds 1,800,000 shares worth 1,800,000. A second-largest stockholder of SYTA, Concord Wealth Partners LLC, holds 992,000 shares, controlling over 5.55% of the firm’s shares. Excellence Investments Ltd. is the third largest shareholder in SYTA, holding 650,000 shares or 3.64% stake. With a 0.11% stake in SYTA, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 19,350 shares are owned by the mutual fund manager. The GWL Growth Equity Fund, which owns about 0.01% of SYTA stock, is the second-largest Mutual Fund holder. It holds 1,062 shares valued at 117.0. London Life Growth Equity Fund holds 0.00% of the stake in SYTA, owning 0 shares worth 0.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Dec 30, 2022, SYTA reported revenue of $969.53k and operating income of -$4.51M. The EBITDA in the recently reported quarter was -$4.74M and diluted EPS was -$0.29.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SYTA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SYTA analysts setting a high price target of $0.50 and a low target of $0.50, the average target price over the next 12 months is $0.50. Based on these targets, SYTA could surge 284.62% to reach the target high and rise by 284.62% to reach the target low. Reaching the average price target will result in a growth of 284.62% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded SYTA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 90,000 while 0 shares were sold.