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Siyata Mobile (SYTA) Gets a Buy Rating from Maxim Group

In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Siyata Mobile (SYTAResearch Report), with a price target of $10.00. The company’s shares closed last Wednesday at $4.46, close to its 52-week low of $2.60.

According to, Aarde is a top 100 analyst with an average return of 77.0% and a 57.3% success rate. Aarde covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, BIO-key International, and Super League Gaming.

Currently, the analyst consensus on Siyata Mobile is a Moderate Buy with an average price target of $10.00.

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Based on Siyata Mobile’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $357K and GAAP net loss of $10.86 million. In comparison, last year the company earned revenue of $2.13 million and had a GAAP net loss of $627K.

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Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 4G mobile networks. The company offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. It acts as a developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden Cellular brand. The company serves cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East. The majority of the company’s revenue comes from Israel.

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