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

Siyata Mobile (NASDAQ:SYTAGet Free Report) 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.

Check Out Our Latest Stock Analysis on Siyata Mobile

Siyata Mobile Company Profile

(Get Free Report)

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.

Read More

Earnings History for Siyata Mobile (NASDAQ:SYTA)

Receive News & Ratings for Siyata Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siyata Mobile and related companies with's FREE daily email newsletter.