In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Siyata Mobile (SYTA – Research Report), with a price target of $0.50. The company’s shares closed yesterday at $0.13.
Vander Aarde covers the Technology sector, focusing on stocks such as Siyata Mobile, Sonic Foundry, and Vuzix. According to TipRanks, Vander Aarde has an average return of 24.8% and a 33.80% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Siyata Mobile with a $0.50 average price target.
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Based on Siyata Mobile’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $969.53 thousand and a GAAP net loss of $4.3 million. In comparison, last year the company had a GAAP net loss of $9.9 million
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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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