Siyata Mobile (NASDAQ:SYTA) Announces Earnings Results

Siyata Mobile (NASDAQ:SYTA) announced its quarterly earnings results on Wednesday. The company reported ($1.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.05) by $0.01, MarketWatch Earnings reports. Siyata Mobile had a negative net margin of 189.53% and a negative return on equity of 157.16%. During the same period last year, the firm posted ($3.00) EPS.

Siyata Mobile Trading Up 3.7 %

Shares of SYTA opened at $0.64 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.18 million, a PE ratio of -0.02 and a beta of 1.51. Siyata Mobile has a 1 year low of $0.50 and a 1 year high of $29.20. The stock has a 50 day simple moving average of $1.93 and a 200-day simple moving average of $7.86.

Institutional Trading of Siyata Mobile

A number of large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new stake in shares of Siyata Mobile in the 1st quarter valued at $26,000. Jane Street Group LLC bought a new position in Siyata Mobile during the 1st quarter valued at about $30,000. Bank of America Corp DE acquired a new position in Siyata Mobile in the first quarter valued at about $31,000. Virtu Financial LLC bought a new stake in Siyata Mobile during the first quarter worth about $68,000. Finally, Anson Funds Management LP bought a new stake in Siyata Mobile during the first quarter worth about $274,000.

Analysts Set New Price Targets

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

Siyata Mobile Company Profile

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.