Syra Health (NASDAQ:SYRA) Share Price Breaks Above 50-Day Moving Average – What’s Next?

by · The Cerbat Gem

Syra Health Corp. (NASDAQ:SYRA – Get Free Report)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $0.87 and traded as high as $0.94. Syra Health shares last traded at $0.90, with a volume of 84,206 shares traded.

Syra Health Trading Up 23.1%

The stock has a market cap of $12.46 million, a price-to-earnings ratio of -1.38 and a beta of 2.91. The firm has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $0.52.

Syra Health (NASDAQ:SYRA – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The firm had revenue of $2.39 million for the quarter, compared to analyst estimates of $2.20 million. Syra Health had a negative net margin of 54.90% and a negative return on equity of 131.94%. On average, equities analysts expect that Syra Health Corp. will post -0.53 earnings per share for the current year.

About Syra Health

(Get Free Report)

Syra Health Corp. is a healthcare technology and services company focused on improving access, delivery and outcomes across the U.S. healthcare system. The company develops solutions for behavioral and mental health, population health management, healthcare education and workforce needs.

Its offerings are designed to support healthcare providers, government agencies, employers and other organizations. Syra Health combines technology, data and professional services to assist with areas such as care coordination, health education, clinical workforce development, behavioral health programs and population health initiatives.

Based in Carmel, Indiana, Syra Health was established in the early 2020s and serves clients in the United States.

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