Maxim Group analyst Jack Vander Aarde maintained a Hold rating on Siyata Mobile (SYTA – Research Report) yesterday. The company’s shares opened today at $3.62.
According to TipRanks, Vander Aarde is a 4-star analyst with an average return of 13.3% and a 35.02% success rate. Vander Aarde covers the Technology sector, focusing on stocks such as Boxlight, Turtle Beach, and Perficient.
The analyst consensus on Siyata Mobile is currently a Hold rating.
Based on Siyata Mobile’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.8 million and a GAAP net loss of $7.58 million. In comparison, last year the company earned a revenue of $832.97 thousand and had a GAAP net loss of $10.61 million
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Siyata Mobile (SYTA) Company Description:
Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 4G mobile networks. The company offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. It acts as a developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden Cellular brand. The company serves cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East. The majority of the company’s revenue comes from Israel.
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