Siyata Mobile (NASDAQ:SYTA) Posts Earnings Results, Beats Estimates By $0.01 EPS

Siyata Mobile (NASDAQ:SYTAGet Free Report) issued its quarterly earnings data on Wednesday. The company reported ($1.04) EPS for the quarter, beating analysts’ consensus estimates of ($1.05) by $0.01, MarketWatch Earnings reports. The firm had revenue of $1.84 million for the quarter, compared to analysts’ expectations of $2.90 million. Siyata Mobile had a negative net margin of 221.78% and a negative return on equity of 174.72%. During the same period in the prior year, the company earned ($3.00) EPS.

Siyata Mobile Stock Performance

SYTA stock traded up $0.00 during mid-day trading on Friday, reaching $0.55. The company had a trading volume of 24,108 shares, compared to its average volume of 160,619. Siyata Mobile has a one year low of $0.50 and a one year high of $29.20. The stock’s 50-day simple moving average is $1.89 and its two-hundred day simple moving average is $7.81. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.01 million, a P/E ratio of -0.02 and a beta of 1.51.

Institutional Investors Weigh In On Siyata Mobile

Hedge funds and other institutional investors have recently bought and sold shares of the business. Walleye Capital LLC purchased a new position in Siyata Mobile in the 2nd quarter worth about $315,000. Anson Funds Management LP acquired a new stake in Siyata Mobile in the 1st quarter worth approximately $274,000. Two Sigma Securities LLC acquired a new position in shares of Siyata Mobile during the first quarter worth approximately $26,000. Virtu Financial LLC acquired a new position in shares of Siyata Mobile during the first quarter worth approximately $68,000. Finally, Bank of America Corp DE bought a new stake in shares of Siyata Mobile during the first quarter valued at approximately $31,000.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a $15.20 price target on shares of Siyata Mobile and gave the company a “buy” rating in a report on Tuesday, August 29th.

Check Out Our Latest Stock Analysis on Siyata Mobile

About Siyata Mobile

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Siyata Mobile Inc develops and provides cellular-based communications platform. It develops, markets, and sells rugged handheld Push-to-Talk over Cellular smartphone devices for first responders, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in various industries.

See Also

Earnings History for Siyata Mobile (NASDAQ:SYTA)

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