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

Siyata Mobile (NASDAQ:SYTA) 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.

About Siyata Mobile

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.