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

Siyata Mobile (NASDAQ:SYTA) issued its earnings results on Wednesday. The company reported ($1.04) earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.84 million for the quarter, compared to analyst estimates of $2.90 million. During the same period in the prior year, the firm earned ($3.00) earnings per share.

Siyata Mobile Trading Down 15.3 %

Shares of SYTA stock opened at $0.54 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.20 and a current ratio of 2.37. The company has a market capitalization of $1.00 million, a price-to-earnings ratio of -0.02 and a beta of 1.51. Siyata Mobile has a 52-week low of $0.50 and a 52-week high of $29.20. The company has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $7.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Walleye Capital LLC bought a new position in shares of Siyata Mobile during the 2nd quarter valued at approximately $315,000. Anson Funds Management LP purchased a new stake in Siyata Mobile in the first quarter worth $274,000. Virtu Financial LLC bought a new stake in shares of Siyata Mobile in the first quarter valued at $68,000. Bank of America Corp DE purchased a new position in shares of Siyata Mobile during the 1st quarter valued at $31,000. Finally, Jane Street Group LLC purchased a new position in shares of Siyata Mobile during the 1st quarter valued at $30,000.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a $15.20 price objective on Siyata Mobile and gave the company a “buy” rating in a report 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.