Last Updated: 14 Nov 2024
Executive Summary
Siyata Mobile Inc. (SYTA) is a Canadian company that provides cellular communications solutions for business customers. The company has a market capitalization of $4.91 million and is currently trading at $1.21 per share. Siyata Mobile has been facing financial challenges in recent years, with negative earnings and margins. However, the company's revenue has grown in the past year, and analysts are optimistic about its long-term prospects.
Company Overview
Siyata Mobile was founded in 2007 and is headquartered in Montreal, Canada. The company develops and manufactures cellular communication devices and software for business customers. Siyata Mobile's products are used by a variety of businesses, including transportation, logistics, and public safety.
Fundamental Analysis
Siyata Mobile's financial performance has been mixed in recent years. The company has reported negative earnings and margins in recent quarters, but its revenue has grown in the past year. In the most recent quarter, Siyata Mobile reported revenue of $7.97 million, up from $7.93 million in the same quarter last year. The company's gross profit was -$1.22 million, and its net loss was -$1.20 million.
Siyata Mobile's balance sheet is also weak. The company has more liabilities than assets, and its shareholders' equity is negative. The company's cash flow from operations is also negative.
Technical Analysis
Siyata Mobile's stock price has been in a downtrend in recent years. The stock is currently trading at $1.21 per share, well below its 52-week high of $90.90. The stock's 50-day moving average is $1.091, and its 200-day moving average is $27.73.
Short Term Outlook
Siyata Mobile's short-term outlook is uncertain. The company is facing financial challenges, and its stock price is in a downtrend. However, the company's revenue has grown in the past year, and analysts are optimistic about its long-term prospects.
Long Term Outlook
Siyata Mobile's long-term outlook is more positive. The company is a leader in the cellular communications market, and its products are used by a variety of businesses. The company's financial performance is expected to improve in the coming years, and its stock price is expected to rise.
Analyst Recommendations
Analysts are mixed on Siyata Mobile. One analyst has a buy rating on the stock, while another has a hold rating. The average analyst price target is $19.15 per share.
