Siyata Mobile secures 400,000 new orders for rugged smartphones and communications devices for first responders

As of June 5, 2023, Siyata Mobile has exciting news to share with investors and tech enthusiasts alike. The company has just secured $400,000 in new orders for its coveted Uniden UV350 and UR7 rugged smartphones and its CP250 tablet-style all-in-one communications devices. These orders were placed by US dealers working on first responder projects, underscoring the critical role Siyata Mobile’s products play in emergency situations.

It’s worth noting that this isn’t the first time Siyata Mobile has received such orders. In the past, they have received a $400,000 follow-up order from a leading wireless operator in Saudi Arabia, as well as a $400,000 purchase order from a leading two-way radio supplier. Siyata Mobile’s reputation as a manufacturer of reliable, high-quality communications equipment is clearly spreading far and wide.

SYTA Neutral Updated on: 06/05/2023 Price target

Currently $0.10

Consensus $0.00

Low $0.00

Average $0.00

High $0.00

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SYTA share remains stable, with slight decrease in trading volume

On June 5, 2023, SYTA stock opened at 0.11, which is the same as the previous day’s close. For the day, the stock’s range was between 0.10 and 0.11. At 3,844,600 shares, the traded volume was slightly below the average volume of the previous three months, which was 3,887,433 shares. The company’s market capitalization was not available.

Siyata Mobile Inc: Strong portfolio and upbeat analyst forecasts point to bright future

Siyata Mobile Inc, a leading provider of connected vehicle and mobile device solutions, has been making waves in the stock market lately. On June 5, the company’s stock (SYTA) closed at 0.10. However, according to an analyst providing 12-month price predictions for the company, the median target price is 0.46, with a high and low estimate also at 0.46. This means that the mid estimate represents a staggering 364.65% increase from the last price of 0.10.

The current consensus among two investment analysts polled is to Buy Siyata Mobile Inc. stock. This rating has remained stable since May, when it was upgraded from a hold rating. This shows that the company is on the right track and investors are optimistic about its future prospects.

Looking at earnings for the current quarter, Siyata Mobile Inc reported a loss of $0.06 per share on revenue of $2.0 million. The company is expected to release its next earnings report on August 31st. It remains to be seen whether the company can turn the tide and reach profitability in the coming quarters.

Despite the current losses, Siyata Mobile Inc has a strong portfolio of connected vehicle and mobile device solutions, which puts the company well positioned to capitalize on the growing demand for these technologies. The company’s flagship product, the UnidenĀ® UV350, is the first and only vehicle-mounted cellular device designed to meet the demanding needs of commercial vehicles.

In addition, the company recently announced a partnership with a global leader in mobile satellite communications that will allow it to expand its reach and offer new solutions to its customers.

Overall, Siyata Mobile Inc. stock performance was weak on June 5 to close at 0.10. However, the company’s strong portfolio of connected car and mobile device solutions, along with upbeat analyst forecasts and a Buy rating, suggest the company has a bright future ahead of it. Investors should keep an eye on Siyata Mobile Inc as the company continues to innovate and expand its offerings in the coming months.