Siyata Mobile Inc. (NASDAQ: SYTA) Enters a Transformative Partnership with a NYSE listed distribution partner that May Increase Revenues by Triple Digits
Good day everyone,
Siyata Mobile Inc. (NASDAQ: SYTA), is a Business-to-Business (B2B) global vendor of next generation Push-To-Talk over Cellular (PoC) devices and cellular booster systems.
Current price $3.42/share (at market close 11-26-21)
SYTA is a provider of state-of-the-art communication devices and cellular boosting systems primarily for first responders. I’ll talk more about that below but first let’s discuss why SYTA shares indicate potential for a near gain in value.
I looked at the company stock chart and realized this may be a “buy the dip” opportunity. The shares have fallen below their 20 SMA of $3.91, their 50 SMA of $3.62, and their 200 SMA of $7.22. After bottoming out on October 22 at $2.65/share, SYTA shares spiked as high as $9.68 and have been looking for a new level since then. I believe the new trading level for SYTA shares may be established in the near term and will be significantly higher than today’s price, and I want to outline the reasons why:
Let’s first look at the company’s tiny share structure. There are only 5.03M shares outstanding and 4.85M shares in the public float.
Analysts covering SYTA have reached a consensus price target of $10.00/share.
Over the past year, SYTA shares have experienced seven “dips” with each one followed by double and triple digits gains, and I believe they may be positioned for another.
The partnership with a NYSE Listed Distribution Partner (more on that below) could become a significant catalyst for the company’s value.
Last week, an article was published on Yahoo Finance covering the company’s Q3 results, and the author (a CFA) concluded:
“We reach a $10.00 stock price by applying the peer group average of 2.7x EV/Sales 2022. Compared to SYTA trading at 1.3x our 2022 Sales estimate & 2.4x our 2021 Sales estimate.” The article estimated 2022 revenues to remain close to 2021 revenues.
I read a proprietary article on SYTA, published on November 21st, that was expanding on a new partnership, briefly mentioned in the CFA report mentioned above. I will provide excerpts:
Headline – Siyata Mobile (NASDAQ: SYTA) unveils landmark partnership with a NYSE Listed Distribution Partner Solutions to expand new SD7 MCPPT rugged handset device globally.
Under the agreement, NYSE Listed Distribution Partner was named a non-exclusive marketing and distribution partner for the new SD7 device. As a result, Motorola will begin marketing the SD7 device globally and will focus on sales through direct channels and partnerships with national cellular carriers in North America.
Siyata and a NYSE Listed Distribution Partner collaboration on the SD7 extends beyond the recent agreement. Engineers from the two companies have been working closely together over the past nine months on the SD7’s development.
Based on early discussions with a NYSE Listed Distribution Partner and national cellular carriers, Siyata Mobile estimates SD7 sales volume could come between 30,000 and 100,000 units per year, once in full production. This estimate would translate into a potential revenue range of $10 million to $30 million in revenue for Siyata beginning in 2022.
Push-to-talk (PTT) devices are estimating strong growth over the next several years as a result of demand from commercial customers and first responders. According to MarketsandMarkets, the global PTT market is estimated to be worth $38.4 billion by 2024, up from $25 billion in 2019. This represents a compound annual growth rate (CAGR) of 9% through 2024.
The NYSE Listed Distribution Partner doesn’t seem to have an MCPPT offering of its own like the SD7. They have an app for a cell phone that will make a phone do some of the same functions as SD7. The thing is cell phones cost $1,000 and the SD7 costs $300. Cell phones are fragile and would be difficult to protect in many first responder situations, the SD7 is a rugged device. Maybe, the new partnership between SYTA and NYSE Listed Distribution Partner will be a benefit for the NYSE Listed Distribution Partner as well, giving them a product to compete with in the first responder market.
The SD7 – The SD7 is a rugged, simple, and highly functional MCPTT device designed to revolutionize the way first responders and emergency personnel communicate with each other.
4G/LTE – High Speed Data – up to 150 Mbps
3,600mAh – Large capacity replaceable battery pack
PTT – Push-to-talk over cellular
I wanted to cover the news about the NYSE Listed Distribution Partner in this report because it’s a transformative event and may be a major catalyst for the company value. In fact, I believe it may be the biggest development in the company’s history. Stay tuned for a full report on SYTA, there is more to say about other products in their pipeline and the new SD7.
The Traders News Group
Do we disclose any information to outside parties?
We collect information from you when you subscribe to our newsletter or fill out a form on one of our social platforms. This includes your email address and or mobile phone number.
When registering on our site, as appropriate, you may be asked to enter your: e-mail address and or mobile number.
What do we use your information for?
When we collect your email or mobile number it is used for one purpose to send you the information you requested about small cap stocks. Please read our disclaimer carefully before viewing our emails.
Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, other than for the express purpose of delivering the information on small cap stocks that you requested.
We send periodic emails
The email address you provide may be used to send you information, the small cap stock reports you requested, respond to inquiries, and/or other requests or questions.
How do we protect your information?
We implement a variety of security measures to maintain the safety of your personal information when you enter, submit, your email address. We use secure third parties to send email and sms messages to you.
Because we value your privacy we have taken the necessary precautions to be in compliance with the California Online Privacy Protection Act.
Traders News Source is a wholly owned subsidiary of Traders News Source LLC, herein referred to as TNS LLC.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
Please Note: TNS LLC and its employees are not a registered investment advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold TNS LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. TNS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and TNS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead TNS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. TNS LLC is compliant with the Can Spam Act of 2003. TNS LLC does not offer such advice or analysis, and TNS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, TNS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The owners and operators of this website have been compensated twenty two thousand dollars cash via bank wire for this updated distribution of our opinions this week on syta. The advertisements in this website are believed to be reliable, however, TNS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. TNS LLC is not responsible for any claims made by the companies advertised herein, nor is TNS LLC responsible for any other promotional firm, its program or its structure.
TNS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA. TNS LLC is not a Broker/Dealer and does not engage in high frequency trading.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.