Is syta expected to rise in near future

Siyata Mobile (SYTA) is not expected to rise significantly in the near future. Here's why:

1. Financial Performance: Siyata Mobile's recent financial results show a net loss of $12.92 million and a Basic EPS of -$118.65 as of Q2 2024. The company's total revenue has decreased by 30.24%, indicating a challenging financial situation.

2. Stock Sentiment: The sentiment around Siyata Mobile is bearish, with a Fear & Greed Index of 39 (Fear). This suggests that investors are cautious about the company's prospects.
3. Technical Indicators: The stock's trading volume was 141,522 shares, and the closing price was $0.97. The resistance and support levels are not currently available, but the stock is trading below its 5-day and 10-day moving averages, which could indicate a bearish trend.

4. Analyst Forecasts: Analysts have set an average 12-month price target of $56.68 for Siyata Mobile, which is significantly higher than the current price, but this target is based on a Hold rating, suggesting that analysts do not expect a substantial short-term price increase.
5. Market Challenges: The company faces challenges, including a 30.2% revenue decline year-over-year in Q2 2024 and a need to replace outdated two-way radios in the private security market.

In conclusion, while there is potential for growth based on the average yearly rate of the last 10 years, the current financial and technical indicators do not strongly suggest an imminent rise in SYTA's stock price. Investors should exercise caution and consider the bearish sentiment and financial challenges before making investment decisions.