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

Siyata Mobile (NASDAQ:SYTA) released its quarterly earnings data on Wednesday. The company reported ($1.04) EPS for the quarter, beating analysts’ consensus estimates of ($1.05) by $0.01, MarketWatch Earnings reports. The business had revenue of $1.84 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned ($3.00) EPS.

Siyata Mobile Stock Performance

NASDAQ:SYTA traded down $0.13 during mid-day trading on Friday, reaching $0.41. 406,647 shares of the company’s stock were exchanged, compared to its average volume of 162,337. The business’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $7.81. The firm has a market capitalization of $760,350.00, a PE ratio of -0.02 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.20 and a current ratio of 2.37. Siyata Mobile has a one year low of $0.33 and a one year high of $29.20.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a $15.20 target price on Siyata Mobile and gave the stock a “buy” rating in a report on Tuesday, August 29th.

Institutional Investors Weigh In On Siyata Mobile

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC acquired a new stake in Siyata Mobile during the 2nd quarter valued at approximately $315,000. Anson Funds Management LP bought a new stake in shares of Siyata Mobile in the 1st quarter valued at $274,000. Two Sigma Securities LLC acquired a new position in shares of Siyata Mobile during the 1st quarter valued at $26,000. Bank of America Corp DE bought a new position in Siyata Mobile during the first quarter worth $31,000. Finally, Virtu Financial LLC acquired a new position in Siyata Mobile during the 1st quarter worth approximately $68,000.

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.