Nasdaq Breakout Idea (SYTA) Surges Up Approx. 12% (Today's Breaking News Creates Spark?)

(Nasdaq: SYTA) is cranking early Friday and needs immediate attention. Nasdaq Breakout Idea (SYTA) Surges Up Approx. 12% (Today's Breaking News Creates Spark?) August 16th Dear Reader, (Nasdaq: SYTA) is cranking early Friday and needs immediate attention. Up approx. 12%, SYTA is riding high on the heels of breaking news. Take a look: Siyata Mobile Announces New Order from New Customer for SD7 Handsets for Use at Beaches and Waterfronts in California VANCOUVER, BC, Aug. 16, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), ..., today announced that it delivered an order for its SD7 handsets to a new customer, the California Department of Parks and Recreation, for use at beaches and along waterfronts in the state. Marc Seelenfreund, CEO of Siyata, commented, "We were pleased to deliver our highly innovative SD7 handsets to the state of California ahead of the busy Fourth of July holiday. The devices are being used by lifeguards and other parks and recreation professionals to help keep residents safe while enjoying California's beaches, waterfronts and other outdoor spaces. Our ruggedized devices are well-suited for outdoor conditions and enable users to remain reliably connected across vast areas serviced by the parks and rec department." Bryan Etnyre, Public Safety Superintendent, CA State Parks, Orange Coast District, added, "This summer, California State Park Lifeguards in Orange County, CA began using FirstNet's push-to-talk network using Siyata SD7 devices. 75 total devices were deployed allowing each lifeguard on the beach to effectively communicate with dispatch, patrol units, rescue vessels, and one another. The talk group layout allowed for greater situational awareness than one-to-one calling, and ultimately improved operations. Overall, the Siyata devices on the FirstNet network are a cost effective, easily scalable, and robust replacement for our existing Lifeguard tower communications system." [Read the full article here.]( But that's not all. [In a separate release]( CEO Mark Seelenfreund also said, "... we have a backlog of more than $7Mn of confirmed orders, which gives us strong visibility into the second half of 2024. As such, we expect the third quarter will be a break-out quarter with high double digit year-over-year growth as the delivery of orders accelerates. We have achieved 'stocked' status for our SD7 handsets with four of the largest North American cellular carriers and continue to tap into new vertical markets reinforcing a growth trajectory that extends into 2025 and beyond." Don't forget. SYTA is a [low float profile]( with fewer than 4Mn shares. That means volatility potential needs to be on high watch daily. Take a moment to review my (Nasdaq: SYTA) report below and get this Nasdaq breakout idea on your screen now. ----- Another Nasdaq breakout idea turns on the afterburners! Hitting the gas, my latest runner exploded for a max move of approximately 75+% from the previous day's close Thursday's premarket high. Even after the morning bell, it surged approximately 14% intraday from its open to its high. Don't forget last week's Nasdaq breakout star that ran approximately 302% short term! That said, what do you know about the Push-To-Talk Over Cellular (POC) market? Did you know [Allied Market Research]( believes this market could reach $6.95Bn by 2027? With that much moola up for grabs, the industry may be ripe for disruptive opportunity. And one little-known company is preparing to lead the way. With several milestone news announcements under its belt in 2024 including a key product launch, AI being introduced in a product, strong revenue growth and more (see below), this Nasdaq breakout idea requires immediate attention. Oh, yeah! I nearly forgot... This is a [low float idea]( with fewer than 4Mn shares which means volatility potential could be extremely significant. It's critical to waste no time getting this Nasdaq profile on your screen this second: *Siyata Mobile Inc. (Nasdaq: SYTA)* Siyata Mobile Inc. is a leading developer and distributor of technologically advanced mission critical Push-to-Talk Over Cellular devices, including rugged handsets and in-vehicle devices, for global first responders and enterprise customers. And boy let me tell you, they've been on a roll since the beginning of 2024. Siyata Mobile Inc. (SYTA)'s 2024 Milestones (So Far...) 1/22/24: CTS Mobility, LTD, a recognized leader in the mobile communications space, is now a distributor of SYTA's mission-critical PoC (MCPTT) SD7 solution and its broad range of accessories. 1/29/24: The Company announced that it was providing its SD7 handsets for use at the 2024 Special Olympics. The Company partnered with ESChat, a provider of broadband Push-to-Talk (PTT) services, to provide secure PTT communications for event personnel and volunteers. - 2/22/24: SYTA announced that it has [received a purchase order]( for 1,000 units of its UV350 all-in-one in vehicle fleet communication devices from an international EMS provider. 3/21/24: SYTA shared the expanding global distribution of its Rugged PTT Handsets, and In-Vehicle Devices including its Real Time View products through a distribution agreement with a leading mobility, transportation, logistics, energy and services group based in the Middle East. 4/4/24: The Company announced that it has expanded its distribution in a partnership with 3AM Innovations, Inc. (“3AM Innovations”), a provider of incident command software for the public safety sector. 3AM Innovations is integrating its FLORIAN incident command software app with the Company's SD7 handset to enable incident commanders to effectively locate each firefighter at the scene of a fire, enhancing safety and safeguarding lives. - 5/14/24: SYTA announced that it has [received new orders]( for its SD7 handsets and related accessories valued at over $2.2Mn in the aggregate. 5/22/24: The Company announced the expansion of its relationship with luxury resort property, Baha Mar Resorts located in Nassau, Bahamas. Baha Mar is now using hundreds of SD7 handsets and accessories to extend usage of the devices across the property from valet services to the beach and numerous departments in between. - 5/28/24: SYTA shared they had [received an order]( from the City of Lancaster Public Utilities Department for its SD7 Push-to-Talk (PTT) handsets, VK7 Vehicle Kits and related accessories. The department provides utilities for the residents of Lancaster, Ohio. 5/28/24: They also announced that the company has been awarded a new patent by the United States Patent and Trademark Office ("USPTO") for its VK7 Vehicle Kit. - 7/15/24: The Bensalem Township School District, a suburban school district located in Bucks County, Pennsylvania, has [ordered]( the company's SD7 Push-to-Talk (PTT) handsets, VK7 Vehicle Kits and related accessories. - 7/22/24: SYTA announces receiving a $1.2Mn [order]( from an existing customer, a leading international EMS service provider, for additional units of the Company's PoC rugged handsets, Real Time View and related accessories. - 7/25/24: Received an [order]( for its SD7 Push-to-Talk (PTT) Handsets and VK7 Vehicle Kits from the City of Hawaiian Gardens, California. 7/26/24: SYTA announces the launch of the Siyata SD7, a purpose-built, mission-critical push-to-talk device designed to help revolutionize communication for first responders and enterprise clients across the United States. And these are only a portion of the [highlights/milestones]( that have been going on throughout 2024 to this point! Push-To-Talk Over Cellular (POC) Evolution Market Overview (includes devices, PoC system, & monthly PoC service fee) The Push-to-Talk Over Cellular (PoC) Industry is Large and Growing Fast Siyata's Push-To-Talk Over Cellular Ecosystem Siyata is the only vendor to wireless carriers who offers differentiated mobile and in-vehicle POC solutions. Rugged Handsets Siyata Specializes in Rugged PTT Handsets: SD7 is their Next Generation PoC Handset Complementing their Portfolio of Disruptive Handsets. Sources: [SYTA Company Presentation.]( ----- 3 Critical Potential Catalysts For (Nasdaq: SYTA) - What To Focus On Immediately #1. SYTA Could Become A Volatile Situation (Low Float Alert). After this week's [public offering]( SYTA will have a float of fewer than 4Mn shares. Why is that important? It's important on one crucial level. Volatility. The potential for volatility was part of the reason we saw our most recent alert rocket approx. 75+% short term. Now, that's not to say the same thing is going to happen with SYTA, but if more positive company news appears near term, just like what you read above, you'll need to watch this Nasdaq profile ever-so closely. ----- #2. Oversold Technicals May Signal The Coming Of A Mega-Bounce/Healthy Reversal. At 11:00AM EST Thursday, [Barchart]( was reporting multiple oversold technical indicators for SYTA. These technicals could be signaling a healthy reversal is approaching in the near term. Here's the definition of a "reversal" from [Investopedia]( "A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart." Here's the technicals to pay close attention to (as of 11:00AM EST Thursday): - 9-Day Relative Strength Index: 11.82% - 14-Day Relative Strength Index: 17.50% When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued. - 14-Day Raw Stochastic: 1.12% - 14-Day Williams %R: 98.88% As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued. Keep an eye on these technicals closely. ----- #3. A Few Key News Releases Paint (Nasdaq: SYTA) As A Company Ready To Take On Any And All Competitors. Take a look at these articles: 7/26/24 - [Verizon Launches Siyata SD7 As Part of Its Stocked Handset Portfolio]( 5/21/24 - [Siyata Introduces First of Its Kind AI Deep Learning PTT Device]( 5/16/24 - [Siyata Mobile Reports Significant 30% Year-Over-Year Revenue Growth for the First Quarter of 2024]( Between an important Verizon collaboration, the introduction of AI into one of its products, and must-see revenue growth, time could be running out to get this under-the-radar tech profile on your screen. ----- Coverage is officially initiated on Siyata Mobile Inc. (Nasdaq: SYTA). I'll be in touch with updates. For new, make sure this breakout idea is at the top of your watch-list. Sincerely, FierceAnalyst | Jaks Swift Editorial Writer (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.) FierceInvestor (FierceInvestor . com) is owned by SWN Media LLC, a limited liability company. 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