Siyata Mobile (NASDAQ:SYTA) Announces Quarterly Earnings Results

Siyata Mobile (NASDAQ:SYTA) issued its earnings results on Wednesday. The company reported ($1.04) 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 221.78% and a negative return on equity of 174.72%. The firm had revenue of $1.84 million during the quarter, compared to the consensus estimate of $2.90 million. During the same quarter in the prior year, the firm earned ($3.00) earnings per share.

Siyata Mobile Stock Down 15.3 %

Shares of SYTA stock opened at $0.54 on Friday. The firm has a fifty day moving average of $1.89 and a 200-day moving average of $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. Siyata Mobile has a 12-month low of $0.50 and a 12-month high of $29.20. The company has a market capitalization of $1.00 million, a price-to-earnings ratio of -0.02 and a beta of 1.51.

Institutional Investors Weigh In On Siyata Mobile

Several large investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Siyata Mobile during the first quarter worth $30,000. Bank of America Corp DE bought a new stake in shares of Siyata Mobile during the first quarter worth $31,000. Virtu Financial LLC bought a new stake in shares of Siyata Mobile during the first quarter worth $68,000. Two Sigma Securities LLC bought a new stake in shares of Siyata Mobile during the first quarter worth $26,000. Finally, Anson Funds Management LP bought a new stake in shares of Siyata Mobile during the first quarter worth $274,000.

Wall Street Analysts Forecast Growth

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.