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

Siyata Mobile (NASDAQ:SYTA) announced its quarterly earnings data on Wednesday. The company reported ($1.04) EPS for the quarter, beating the consensus estimate of ($1.05) by $0.01, MarketWatch Earnings reports. The firm had revenue of $1.84 million for the quarter, compared to the consensus estimate 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 last year, the firm earned ($3.00) EPS.

Siyata Mobile Stock Performance

Shares of NASDAQ SYTA 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 cap of $1.00 million, a P/E ratio of -0.02 and a beta of 1.51. The firm’s fifty day moving average is $1.89 and its two-hundred day moving average is $7.81. Siyata Mobile has a 52-week low of $0.50 and a 52-week high of $29.20.

Wall Street Analysts Forecast Growth

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.

Institutional Trading of Siyata Mobile

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC purchased a new position in shares of Siyata Mobile in the 2nd quarter worth $315,000. Anson Funds Management LP purchased a new position in shares of Siyata Mobile in the 1st quarter worth $274,000. Virtu Financial LLC purchased a new position in shares of Siyata Mobile in the 1st quarter worth $68,000. Bank of America Corp DE purchased a new position in shares of Siyata Mobile in the 1st quarter worth $31,000. Finally, Jane Street Group LLC purchased a new position in shares of Siyata Mobile in the 1st quarter worth $30,000.

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.