Siyata Mobile (SYTA) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Siyata Mobile in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SYTA shares.
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2 equities research analysts have issued 12 month target prices for Siyata Mobile's stock. Their SYTA share price forecasts range from $15.20 to $15.20. On average, they anticipate the company's share price to reach $15.20 in the next twelve months. This suggests a possible upside of 578.6% from the stock's current price.
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Siyata Mobile's stock was trading at $15.30 on January 1st, 2023. Since then, SYTA stock has decreased by 85.4% and is now trading at $2.24.
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Siyata Mobile saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 64,300 shares, an increase of 47.8% from the August 15th total of 43,500 shares. Based on an average trading volume of 298,600 shares, the short-interest ratio is presently 0.2 days. Approximately 3.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Siyata Mobile Inc. (NASDAQ:SYTA) released its quarterly earnings results on Monday, August, 14th. The company reported ($3.02) earnings per share for the quarter, missing the consensus estimate of ($3.00) by $0.02. The firm earned $2.71 million during the quarter, compared to analysts' expectations of $2.07 million. Siyata Mobile had a negative trailing twelve-month return on equity of 157.16% and a negative net margin of 189.53%.

Shares of Siyata Mobile reverse split on the morning of Wednesday, August 9th 2023. The 1-100 reverse split was announced on Wednesday, August 9th 2023. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, August 9th 2023. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

Siyata Mobile trades on the NASDAQ under the ticker symbol "SYTA."

Siyata Mobile's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Anson Funds Management LP (436.13%) and Walleye Capital LLC (313.03%).

Shares of SYTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SYTA stock can currently be purchased for approximately $2.24.

Siyata Mobile (NASDAQ:SYTA) has a market capitalization of $4.14 million and generates $6.48 million in revenue each year. The company earns $-15,300,000.00 in net income (profit) each year or ($37.02) on an earnings per share basis.

Siyata Mobile's mailing address is 592 SHEPARD AVENUE WEST UNIT 551, TORONTO A6, H4C 2Z6. The official website for the company is www.siyatamobile.com. The company can be reached via phone at 514-500-1181 or via email at sim@kincommunications.com.