NASDAQ: SYTA

Zack’s Small Cap Research Says This Little Tech Stock Could Climb Over 1,832% - with AT&T & Verizon Deals.

See why NOW could be the best time for you to start your research on Siyata Mobile Inc. (NASDAQ: SYTA)

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Price Targets

$.212

+25%

$.25

+40%

$.30

+75%

$.38

+120%

SIYATA MOBILE INC., (NASDAQ:SYTA)

6 Reasons Why Siyata Mobile Inc. (NASDAQ: SYTA) Could See Unstoppable Growth Within The Next 12 Months Starting Now!

Game-Changing Channel Partners: With a combined existing base of over 343 million subscribers, having AT&T and Verizon as channel partners could prove to be a monumental catalyst for Siyata Mobile Inc. (NASDAQ: SYTA) as they roll out their game-changing Push-to-Talk Over Cellular devices.

Analyst Valuation: Thomas Kerr, CFA is a Senior Equity Research Analyst at Zacks Small-Cap Research with over 25 years of securities industry experience in the Technology, Consumer, Industrials, Med-Tech, Healthcare & Biotechnology sectors recently assigned a $2.50 valuation on Siyata Mobile Inc. (Nasdaq: SYTA) on November 14th, 2022.

Massive Bounce Potential: Shares of Siyata Mobile Inc. (Nasdaq: SYTA) recently bounced off its 52-week low of $.1051 on 11/09/2022 and with a 52-week high of $ 5.4763 set on 12/09/2021 there could be over 5,110% in upside potential if (SYTA) climbs back to that 52-week high level. To be fair, a 5,110% move back to the 52-week high is not expected, but the potential should be noted.

Growth Trajectory: In general, nano-cap companies have market capitalizations of less than $50 million. By identifying companies when they are still small, you have the opportunity to witness the front end of a potentially massive growth curve. According to MarketWatch.com, as of 12/8/22, Siyata Mobile Inc. (Nasdaq: SYTA) has a market cap of less than $2.5 million.

Robust Revenue Growth: The company reported 3rd quarter 2022 results on November 10th which demonstrated strong growth for one of its product lines. Revenues for the quarter ending September 30, 2022 were $2,567,885 compared to $1,218,875 for the 3rd quarter of 2021. This 111% increase over the prior year period was primarily due to the increase in the sale of rugged devices including the SD7 rugged handset during the quarter. Sales related to rugged handsets and accessories increased 588% to approximately $1.9 million.

Market Disruptor: Despite Siyata’s small size, no other competitor offers as comprehensive of a portfolio of products. Siyata Mobile Inc. (Nasdaq: SYTA) provides disruptive solutions aimed at the Push-to-talk-over-Cellular (PoC) industry, with three complementary product categories targeted to the same core channels and customers. (5)Large global telecommunications customers provide potential rapid entry into a $50 billion North American market.

Two people talking and looking at cell phone

LATEST NEWS

Siyata Mobile Inc. (NASDAQ: SYTA) Expands Reach of Their Next Generation Push-to-Talk Over Cellular Solution (PoC) to a New Vertical Market

SEE DETAILS

Thomas Kerr, CFA, a Senior Equity Research Analyst at Zacks Recently Assigned A $2.50 Valuation On Siyata Mobile Inc. (NASDAQ: SYTA)

Thomas Kerr, CFA is a Senior Equity Research Analyst at Zacks Small-Cap Research with over 25 years of securities industry experience in Technology, Consumer, Industrials, Med-Tech, Healthcare & Biotechnology sectors recently assigned a $2.50 valuation on Siyata Mobile Inc. (Nasdaq: SYTA) on November 14th, 2022.

The company reported 3rd quarter 2022 results on November 10th which demonstrated strong growth for the SD7 rugged handset. Revenues for the quarter ending September 30, 2022 were $2,567,885 compared to $1,218,875 for the 3rd quarter of 2021. This 111% increase over the prior year period was primarily due to the increase in the sale of rugged devices including the SD7 rugged handset during the quarter.

Sales related to rugged handsets and accessories increased 588% to approximately $1.9 million.

Gross profit for the 3rd quarter was $856,103 (gross margin of 33.3%) compared to $429,513 (gross margin of 35.2%) for the 3rd quarter of 2021. The gross margin decline was largely attributed to lower sales of higher-margin cellular boosters.

Adjusted EBITDA was negative $1,579,980 for the quarter versus negative $4,869,303 in the same prior year period, an improvement of $3,289,323. This improvement was due to increased revenue, increased gross profit, and a decrease in operating expenses. The company defines adjusted EBITDA as the net operating loss excluding depreciation and amortization, unusual items, and stock compensation.

Net loss for the 3rd quarter was ($499,991) as compared to a net loss of ($5,667,937) in the prior year period. Part of the large improvement in net loss was driven by a positive change in fair value of warrant liability totaling $2,680,603. Excluding that gain and other unusual items, we calculate the net loss at ($2,734,037), or ($0.17) per share.

As of September 30, 2022, the Company had cash balances of $988,626 compared to $1,619,742 at the end of 2021. Working capital at quarter end was $4,951,595. Subsequent to the end of the quarter, the company raised approximately $4.0 million in proceeds from a registered direct offering from institutional investors.

CEO and founder Marc Seelenfreund stated, “We delivered on our plan to build and expand our potential customers for the SD7 during the third quarter, providing us with a foundation of increased distribution that is directly leading to many potential significant volume opportunities, of which we have begun shipping products in an increasing number of verticals beyond our primary focus on first responders, including: government, schools, utilities, security companies, defense contractors, amusement parks, and hotel resorts, to name but a few,” continued Seelenfreund. “We are just beginning to see the rapid adoption of our disruptive solutions and as the displacement of land mobile radio (LMR) by PoC continues to progress, this should drive meaningful growth for our innovative products, such as the newest addition to our lineup, the SD7+, which integrates body camera functionality with 4G cellular connectivity and PoC features in a single solution.”

Siyata Mobile Inc. (Nasdaq: SYTA) recently announced a new rugged handset, the SD7+, which features a wide-angle camera coupled with 4G cellular connectivity that will have traditional body camera functionality.

It will also encompass real-time situational and positional tracking capabilities. The SD7+ will be powered by Visual Labs’ innovative body camera software.

Visual Labs is a privately held company and a leading developer of Android-based bodycam and dashcam software. Visual Labs provides its software to public safety, private security, and other customers throughout the United States and internationally.

IDENTIFYING THE OPPORTUNITY

Support Bounces Are Profit Rocket Fuel!

Strong bounces off of a strong support level provide us with ideal risk-to-reward and clear levels to trade

20/50EMA (exponential moving average) crossover on the 2-hour time frame

RSI is curling up and approach the 50 level, the level of the past 4 strong moves

MACD on the verge of a golden-cross on the daily time frame

Support at .15 and a strong, sustained uptrend over the past 5 trading sessions

TRADE CONFIRMATION

Locked and Loaded, stock infamous for 100% + moves every bounce off of our support zone! With the break and hold of .18 we are setting up for next leg up, and this stock has a tendency to have strong impulsive moves. With a recent break of the 50 MA on the daily chart, and approaching a bullish move of the 200 MA, we are setting up for a run.

The last day that $SYTA closed above the 50MA on the daily chart, we had a break out of over 65% in mid January.

Watch for volume over 7 million on daily chart and over 1 million the first hour of market open as a precursor to breaking out.

TARGETS

$.212 (+25%)

$.25 (+40%)

$.30 (+75%)

$.38 (+120%)

Could SIYATA MOBILE INC. (NASDAQ: SYTA) REACH THE ZACKS' TARGET $2.50 VALUATION?

Shares of Siyata Mobile Inc. (Nasdaq: SYTA) recently bounced off its 52-week low of $.1051 on 11/09/2022 and with a 52-week high of $ 5.4763 set on 12/09/2021, there could be over 5,110% in upside potential if (SYTA) climbs back to that 52-week high level according to the historical pricing available at Barchart.com. To be fair, a 5,110% move back to the 52-week high is not expected, but the potential should be noted.

Looking at the daily chart above while doing very little technical analysis using StockCharts.com, you can see the following moving averages:

Daily average price is: $.14 (as of 12/8/22)

50-day moving average at $.17

200-day moving average at $.78

14-day exponential moving average $.16 (first line of potential resistance)

If shares of (SYTA) trend above its first line of resistance in the $.14 cent range, where they are very close to breaching as of 12/8/22, then the next line of potential resistance could be its 50-day moving average at $.17 which would be a 23.19% move from 12/8/22’s opening price of $.138.

But then, the next line of potential resistance for (SYTA) could be its 200-day moving average at $.78, which would be a 465.22% move from 12/8/22’s opening price of $.138.

Make no mistake, if (SYTA) is able to climb from 2/8/22’s opening price of $.138 back to its 52-week high of $5.4763 which was set on 12/09/2021, it would be capping off an incredible 5,110% move. This move isn’t expected, but the potential upside needs to be noted.

Massive Potential Growth Curve for Nano-cap Stocks

A nano-cap company is one of the smallest companies in the market.

Siyata Mobile Inc. (Nasdaq: SYTA) currently has a market cap of less than $2.5 million as of 12/8/22 according to MarketWatch.com. Companies this size are known as Nano-cap stocks.

Nano-caps have a market capitalization of less than $50 million. With a tiny nano-cap company, you could potentially witness a massive growth curve.

According to a study from Tradesmith.com, nano-cap stocks outperformed all other market capitalizations during a specific period in 2021 based on their report.

This potential scales well in any portfolio.

Nano-cap companies tend to be much more flexible than their larger counterparts. When you are small, you can adapt to the changing conditions in the market much more quickly than a larger company.

In addition to this, smaller companies tend to rely on innovation and new ideas in order to stay in business. They will often be able to get things to the market quicker than a large company.

A larger company will require a new idea to go through several different decision-makers and committees before the result of it can hit the market.

WILL "PUSH-TO-TALK" FUEL THE 4TH INDUSTRIAL REVOLUTION?

Enterprises are going through another industrial revolution known under different names, including Industry 4.0, Digital Transformation, and the Industrial Internet of Things (IIoT). The goal of the implementation of this revolution is to improve efficiency, value, and innovation.

Push-to-talk over cellular or PoC solutions is becoming increasingly popular, which is increasing the growth of the global push-to-talk market.

Large corporations are putting in place cloud-based push-to-talk solutions that offer multimedia features, real-time security, and greater use of wireless Push-to-Talk services.

Likewise, it offers improved call management, cost control, and greater convenience, fueling the expansion of the global push-to-talk market.

Other significant factors are the expanding use of push-to-talk in public safety organizations and the increased demand for rugged and ultra-rugged cell phones.

A rapid increase in the push-to-talk market is also projected as a result of the introduction of cutting-edge technologies like the LTE network and the development of 5G infrastructure.

There will be a range of changes coming for the push to speak market as a result of the Internet of Things (IoT), AI, NLP, and the rising use of online applications.

Thus, there is enormous potential for growth in the industry.

The global push-to-talk market is projected to grow at a positive CAGR of 8.9%, reaching $59.81 billion by 2030.

Meet the Siyata Mobile Inc. Management Team Leading the Communications Revolution into the 21st Century


OFFICERS

Marc Seelenfreund – CEO, Founder and CEO of Siyata.

Prior to establishing Siyata, Mr. Seelenfreund was a VP at Sunrise Corporation in New York focusing on financing publicly traded technology companies. Mr. Seelenfreund has a law degree and is a board member at a leading private university.

Gerald Bernstein – CFO

Mr. Bernstein spent 20 years focusing on private equity financing and tax-efficient corporate structuring in multi-jurisdictional arenas. Mr. Bernstein holds a Bachelor of Commerce as well as a Graduate Diploma in Public Accountancy- both from McGill University. Member of the Canadian Institute of Chartered Accountants since 1987 and a professional chartered accountant.

Glenn Kennedy – VP Sales

Mr. Kennedy has over 25 years of sales experience in the telecommunications industry. Prior to joining Siyata in 2016, Mr. Kennedy has managed sales nationally for Motorola Canada, HTC Communications Canada, and Sonim Technologies. Mr. Kennedy holds a Bachelor of Arts in Honors Business Administration from the Richard Ivey School of Business at the University of Western Ontario.

DIRECTORS

Peter Goldstein, Chairman of the Board

With over 30 years of diverse and global entrepreneurial, client advisory, and capital market experience, Mr. Goldstein has a successful track record in leading and building companies in the capital markets. Mr. Goldstein has achieved capital market objectives by drawing on his strengths in M&A, strategic planning, and transaction structuring, as well as his own entrepreneurial success. He has steered and completed initial public offerings (IPO), uplisting and reverse merger transactions, secured private placements, and designed successful crowdfunding campaigns. Mr. Goldstein advised the Company on its recently upsized $12.6 Million U.S. Initial Public Offering and listing on the NASDAQ.

Stephen Ospalak, Board Member

Over 20 years in telecom, currently SVP Marketing & Operations at BMG Inc. Served as interim CEO for AiTelecom; Global Integration Officer for Virgin Management Inc.; Canadian VP & Board Advisor for Brightstar, and as SVP Operations at Iusacell. Served as VP of Products & Services at Telus Communications Inc. responsible for an annual spend > $US 1 billion in wireless & wireline equipment. Led the planning and execution of Clearnet’s market debut and nationwide launch of the iDEN and PCS Cellular services, setting the North American PCS launch record. Held management positions at AT&T.

Michael Kron, Board Member

Mr. Kron has over 20 years of experience in investment and corporate finance, currently chairman and CFO at AnywhereCommerce Inc. He also co-founded Zellers Optical Centers and played a key role in the sale to Vision Associates of Atlanta. He was the co-founder and CFO of Miazzi Ventures where he founded Mamma.com Inc and later sold to Intasys Corporation at a $44M valuation. Mr. Kron holds a Bcomm from Concordia University as well as a Graduate Diploma in Public Accountancy from McGill University. He has been a member of the Canadian Institute of Chartered Accountants since 1987.

Lourdes Felix, Board Member

Lourdes Felix is a corporate finance executive offering over fifteen years of combined experience in public accounting and in the private sector in building, leading, and advising corporations through complex restructurings. Ms. Felix was previously the controller for a mid-size public accounting firm for over seven years and was responsible for the operations and financial management of regional offices. Ms. Felix has been a Director of BioCorRx Inc. since March 7, 2013. Ms. Felix was appointed Chief Executive Officer of BioCorRx on November 9, 2020 and became Chief Financial Officer of BioCorRx on October 1, 2012. Ms. Felix was President of BioCorRx from February 26, 2020 until she resigned upon her appointment as CEO on November 9, 2020. Ms. Felix holds a Bachelor of Science degree in Business Management and Accounting from the University of Phoenix.

Sources

  • Source 1:https://s27.q4cdn.com/906368049/files/News/2022/Zacks_SCR_Research_11142022_SYTA_Kerr.pdf
  • Source 2: https://www.barchart.com/stocks/quotes/SYTA/price-history/historical
  • Source 3: https://www.finweb.com/investing/4-reasons-to-invest-in-a-nano-cap.html
  • Source 4: https://www.marketwatch.com/investing/stock/syta?mod=search_symbol
  • Source 5: https://www.siyatamobile.com/wp-content/uploads/2022/08/Siyata-Mobile-Investor-Presentation-Q3-2022-2022-08.pdf
  • Source 6: https://www.siyatamobile.com/wp-content/uploads/2021/11/SYTA-One-Pager_Nov-23-2021.pdf
  • Source 7: https://www.securitymagazine.com/articles/97324-private-mobile-networks-will-fuel-the-4th-industrial-revolution
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  • Source 10: https://s27.q4cdn.com/906368049/files/design/zacks_scr.svg
  • Source 11: https://finance.yahoo.com/news/siyata-mobile-adds-uk-ireland-130000242.html
  • Source 12: https://www.siyatamobile.com/wp-content/uploads/2022/02/homepage-SD7-Front-v2.png
  • Source 13: https://www.siyatamobile.com/
  • Source 14: https://www.siyatamobile.com/wp-content/uploads/2020/09/booster_img.png
  • Source 15: https://www.amazon.com/Uniden-Cradle-Signal-Booster-Carriers/dp/B09MTY562X
  • Source 16: https://www.siyatamobile.com/uniden-uv350/
  • Source 17: https://www.siyatamobile.com/uniden-cp250/
  • Source 18: https://www.siyatamobile.com/uniden-ur5/
  • Source 19: https://schrts.co/iHhbBcPk
  • Source 20: https://tradesmith.com/educational/this-market-cap-strategy-is-crushing-the-nasdaq/
  • Source 21: https://www.siyatamobile.com/directors-officers/
  • Source 22: https://www.siyatamobile.com/siyata-launches-next-generation-push-to-talk-over-cellular-sd7-device-on-verizon-global-network/
  • Source 23: https://www.siyatamobile.com/siyatas-next-generation-push-to-talk-over-cellular-sd7-device-is-now-commercially-available-and-sold-through-firstnet-and-att-inc/
  • Source 24: https://www.cnet.com/a/img/resize/409f3c87a1c14d4edc95e1b423fd14061df0c9d7/hub/2014/10/31/64b38597-6e50-4566-8786-9d5e8cd2da52/att-verizon.jpg?auto=webp&width=1200
  • Source 25: https://blog.nuovoteam.com/what-is-push-to-talk-over-cellular-poc/
  • Source 26: https://www.intel.com/content/www/us/en/history/virtual-vault/articles/end-user-marketing-intel-inside.html

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