SYTA - Next Up for Siyata
2023-12-18 08:03:25 ET
DENVER, Colo., Dec 18, 2023 ( www.247marketnews.com )- Last week we reported that Siyata Mobile (NASDAQ: SYTA) shares had upward pressure, after consolidating in the $3 range, following the Company’s recent recapitalization and reorganization.
On Thursday, it closed above the 20-day simple moving average for the first time in over two months
The company’s market cap is still well under $2 million, but it’s generating more than 5X its market cap million in sales, so it has plenty of room to grow.
In fact, Siyata’s end-of-year letter focused on growth, including plans on releasing a new 5g product for 2024, and reaching profitability. The profit drivers are growing existing verticals and developing new verticals.
Plus, they changed their business model; …
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Next Up for Siyata