Siyata Mobile (CVE:SIM) Given a C$1.14 Price Target at Fundamental Research

Siyata Mobile (CVE:SIM) has been given a C$1.14 price objective by equities researchers at Fundamental Research in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price target would indicate a potential upside of 171.43% from the company’s previous close.

SIM remained flat at $C$0.42 during trading on Tuesday. The company’s stock had a trading volume of 219,146 shares, compared to its average volume of 282,609. The firm’s 50 day simple moving average is C$0.32 and its 200 day simple moving average is C$0.41. The company has a quick ratio of 1.32, a current ratio of 3.69 and a debt-to-equity ratio of 31.91. The company has a market capitalization of $51.15 million and a P/E ratio of -3.13. Siyata Mobile has a twelve month low of C$0.26 and a twelve month high of C$0.60.

Siyata Mobile (CVE:SIM) last announced its earnings results on Thursday, November 14th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$5.05 million for the quarter. Research analysts predict that Siyata Mobile will post 0.0202817 EPS for the current year.

Siyata Mobile Company Profile

Siyata Mobile Inc develops and provides cellular communications systems for enterprise customers. It offers vehicle mounted cellular based communications platforms over advanced 3G mobile networks under the Uniden Cellular brand. The company's products include Uniden UCP100, a communications device for commercial vehicles, trucks, and fleets that allows drivers to talk and drive with a clearer signal; Uniden UCP200, a connected vehicle smartphone that provides in-vehicle voice calls and various Android-based automotive applications and multi-media contents; and BAGFONE, a cellular mobile device packaged in a rugged case allowing better communication in remote locations.

See Also: Price to Earnings Ratio (PE)

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