Siyata Mobile (NASDAQ:SYTA) Stock Price Down 1% – Here’s Why

Shares of Siyata Mobile Inc. (NASDAQ:SYTA) were down 1% during mid-day trading on Wednesday . The stock traded as low as $1.83 and last traded at $1.89. Approximately 922,982 shares were traded during trading, a decline of 63% from the average daily volume of 2,470,940 shares. The stock had previously closed at $1.91.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Siyata Mobile from a “hold” rating to a “sell” rating in a research report on Friday, May 30th.

Siyata Mobile Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.26 and a current ratio of 0.61. The stock has a market capitalization of $9.64 million, a PE ratio of 0.00 and a beta of 2.11. The stock’s 50 day moving average is $2.45 and its two-hundred day moving average is $3.91.

Siyata Mobile (NASDAQ:SYTA) last released its earnings results on Thursday, May 15th. The company reported ($2.35) earnings per share for the quarter, beating the consensus estimate of ($3.48) by $1.13. The business had revenue of $2.47 million for the quarter, compared to the consensus estimate of $2.80 million. Siyata Mobile had a negative return on equity of 354.32% and a negative net margin of 224.04%.

About Siyata Mobile

Siyata Mobile Inc engages in the development and sale of cellular-based communications platform in the United States, Canada, Europe, Australia, the Middle East, and internationally. It develops, markets, and sells rugged handheld Push-to-Talk over Cellular smartphone devices for first responders, enterprise customers, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in various industries.