Siyata Mobile Inc. [SYTA] is 24.84% higher this YTD. Is it still time to buy?

Siyata Mobile Inc. [NASDAQ: SYTA] traded at a low on 03/14/23, posting a -10.16 loss after which it closed the day’ session at $0.19. The company report on March 13, 2023 that Siyata to Showcase its new SD7+ Mission Critical PTT Solution with built in body camera, along with CrisisGo Safety Communication System, at IWCE 2023 alongside Verizon Frontline.

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Visit Booth #2125 in the Exhibit Hall March 29-30.

Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global provider of innovative Push-to-Talk over Cellular (“PoC”) and cellular signal booster solutions, today announced that the company will host an exhibitor’s booth at the International Wireless Communications Expo (“IWCE”) 2023 in partnership with Verizon Frontline, Verizon’s public safety network. Siyata Mobile will be showcasing its new SD7 Mission Critical Push-To-Talk (MCPTT) solution, the SD7+ with built in Body Camera, and accessories in booth 2125. The Siyata Mobile booth is among the Verizon Preferred Partner Booths, adjacent to the Verizon Frontline Exhibit, through the main entrance of the IWCE Welcome Pavilion. IWCE 2023 takes place March 27-30 at the Las Vegas Convention Center, in the North Hall.

The results of the trading session contributed to over 5626766 shares changing hands. Over the past one week, the price volatility of Siyata Mobile Inc. stands at 25.19% while the volatility over the past one month is 15.14%.

The market cap for SYTA stock reached $8.44 million, with 44.87 million shares outstanding and 44.73 million shares in the current float. Compared to the average trading volume of 4.72M shares, SYTA reached a trading volume of 5626766 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Siyata Mobile Inc. [SYTA]?

The Average True Range (ATR) for Siyata Mobile Inc. is set at 0.03, with the Price to Sales ratio for SYTA stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 0.02.

How has SYTA stock performed recently?

Siyata Mobile Inc. [SYTA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.54. With this latest performance, SYTA shares gained by 25.00% in over the last four-week period, additionally sinking by -69.68% over the last 6 months – not to mention a drop of -82.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SYTA stock in for the last two-week period is set at 49.67, with the RSI for the last a single of trading hit 47.14, and the three-weeks RSI is set at 50.46 for Siyata Mobile Inc. [SYTA]. The present Moving Average for the last 50 days of trading for this stock 0.1833, while it was recorded at 0.2181 for the last single week of trading, and 0.4774 for the last 200 days.

Siyata Mobile Inc. [SYTA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Siyata Mobile Inc. [SYTA] shares currently have an operating margin of -195.90 and a Gross Margin at +11.40. Siyata Mobile Inc.’s Net Margin is presently recorded at -313.11.

Return on Equity for this stock declined to -198.82, with Return on Assets sitting at -109.52.

Siyata Mobile Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.20.

Insider trade positions for Siyata Mobile Inc. [SYTA]

There are presently around $0 million, or 6.20% of SYTA stock, in the hands of institutional investors. The top three institutional holders of SYTA stocks are: CONCORD WEALTH PARTNERS with ownership of 698,000, which is approximately New of the company’s market cap and around 0.30% of the total institutional ownership; UBS GROUP AG, holding 133,378 shares of the stock with an approximate value of $25000.0 in SYTA stocks shares; and CETERA ADVISOR NETWORKS LLC, currently with $5000.0 in SYTA stock with ownership of nearly New of the company’s market capitalization.

Positions in Siyata Mobile Inc. stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 4 institutional holders increased their position in Siyata Mobile Inc. [NASDAQ:SYTA] by around 874,960 shares. Additionally, 4 investors decreased positions by around 743,219 shares, while 3 investors held positions by with 711,620 shares. The mentioned changes placed institutional holdings at 906,559 shares, according to the latest SEC report filing. SYTA stock had 4 new institutional investments in for a total of 874,960 shares, while 3 institutional investors sold positions of 708,548 shares during the same period.


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