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

Syra Health Corp. (NASDAQ:SYRA)’s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty 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 Stock Performance

The stock’s fifty day moving average price is $0.87 and its 200-day moving average price is $0.52. The firm has a market cap of $12.46 million, a PE ratio of -1.38 and a beta of 2.91.

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

Syra Health Company Profile

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.