Syra Health (NASDAQ:SYRA) Stock Price Breaks Above 50 Day Moving Average – What’s Next?

Syra Health Corp. (NASDAQ:SYRA)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $0.87 and traded as high as $0.94. Syra Health shares last traded at $0.90, with a volume of 84,206 shares trading hands.

Syra Health Stock Up 23.1%

The stock has a market capitalization of $12.46 million, a PE ratio of -1.38 and a beta of 2.91. The firm’s fifty day moving average is $0.87 and its 200-day moving average is $0.52.

Syra Health (NASDAQ:SYRA) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.11. Syra Health had a negative return on equity of 131.94% and a negative net margin of 54.90%. The company had revenue of $2.39 million for the quarter, compared to analyst estimates of $2.20 million. On average, analysts expect that Syra Health Corp. will post -0.53 EPS for the current year.

Syra Health Company Profile

Syra Health Corp. is a healthcare technology and services company focused on improving access, delivery and outcomes across the U.S. healthcare system. The company develops solutions for behavioral and mental health, population health management, healthcare education and workforce needs.

Its offerings are designed to support healthcare providers, government agencies, employers and other organizations. Syra Health combines technology, data and professional services to assist with areas such as care coordination, health education, clinical workforce development, behavioral health programs and population health initiatives.

Based in Carmel, Indiana, Syra Health was established in the early 2020s and serves clients in the United States.