Heights Capital Management, Inc. recently announced the acquisition of new stake in Siyata Mobile Inc. (NASDAQ:SYTA). This fresh investment now brings its stake to 6.15% valued currently at $0.15 million. In addition, Virtu Financial BD LLC raised its holdings by 23818.0 to 56873.0 shares.
With over 14.72 million Siyata Mobile Inc. (SYTA) shares trading Monday and a closing price of $0.19 on the day, the dollar volume was approximately $2.8 million. The shares have shown a negative half year performance of -81.15% and its price on 11/21/22 gained nearly 26.10%. Currently, there are 33.69M common shares owned by the public and among those 32.93M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for SYTA have a consensus price objective of $0.50. The analysts have set the share’s price value over the next 12 months at a high of $0.50 and a low of $0.50. The average price target is 87.33% above its recent price level and an upside to the estimated low will see the stock gain 62.0% over that period. But an upside of 62.0% will see the stock hit the forecast high price target while median target price for the stock is $0.50.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 270,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Siyata Mobile Inc. are Fidelity Nasdaq Composite Index F, GWL Growth Equity Fund, and London Life Growth Equity Fund. Fidelity Nasdaq Composite Index F owns 19350.0 shares of the company’s stock, all valued at over $2574.0. GWL Growth Equity Fund sold 269.0 shares to see its total holdings shrink to 1062.0 shares valued at over $141.0 and representing 0.01% of the shares outstanding. London Life Growth Equity Fund sold 5159.0 shares to bring its total holdings to over 0.0 shares at a value of $0.0. London Life Growth Equity Fund now owns shares totaling to 0.00% of the shares outstanding.
However, the script later moved the day high at 0.2080, up 26.10%. The company’s stock has a 5-day price change of 17.70% and -73.33% over the past three months. SYTA shares are trading -94.75% year to date (YTD), with the 12-month market performance down to -95.06% lower. It has a 12-month low price of $0.11 and touched a high of $7.20 over the same period. SYTA has an average intraday trading volume of 4.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 40.10%, -21.45%, and -77.26% respectively.
Institutional ownership of Siyata Mobile Inc. (NASDAQ: SYTA) shares accounts for 6.20% of the company’s 33.69M shares outstanding. Mutual fund holders own 0.11%, while other institutional holders and individual stakeholders account for 10.38% and — respectively.
It has a market capitalization of $6.93M and a beta (3y monthly) value of 1.51. The earnings-per-share (ttm) stands at -$1.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 25.47% over the week and 16.50% over the month.
Analysts forecast that Siyata Mobile Inc. (SYTA) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2022. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”