Syra Health (NASDAQ:SYRA) Stock Price Up 2.2% – Here’s Why

Syra Health Corp. (NASDAQ:SYRA) shares shot up 2.2% on Thursday . The company traded as high as $0.91 and last traded at $0.91. Approximately 38,279 shares traded hands during trading, a decline of 15% from the average daily volume of 45,116 shares. The stock had previously closed at $0.89.

Syra Health Stock Performance

The business’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.54. The company has a market cap of $11.84 million, a price-to-earnings ratio of -1.32 and a beta of 2.89.

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

About Syra Health

Syra Health Corporation is a healthcare technology and services company focused on improving access to care, health outcomes and workforce capabilities. The company develops solutions for behavioral health, population health management, healthcare education and workforce support.

Its offerings include behavioral health programs, health education and training services, population health initiatives, and solutions designed to help healthcare organizations recruit, develop and retain personnel.