Low Float Stocks Ready to Fill the Gap

January 10, 2024

DENVER, Colo, January 10, 2024 (247marketnews.com) – A quick peek at some of our favorite low-float listings clearly shows that our top trend for 2023 has only been stronger in 2024, with many of them delivering even bigger gains to open the year. Siyata Mobile (NASDAQ:SYTA), Sidus Space (NASDAQ:SIDU), NexImmune (NASDAQ:NEXI), Shattuck Labs (NASDAQ:STTK), Polished.com (AMEX:POL), and Cingulate (NASDAQ:CING) are just a few of our favorite low-float listings that we’ve dedicated extensive coverage, as they make their tightly held stock rebound moves.

Three of the low-float stocks Siyata Mobile (NASDAQ:SYTA), Sidus Space (NASDAQ:SIDU), and Polished.com (AMEX:POL) are closing in on gaps, which are the voids in the charts that represent an opportunity for a stock to run in a vacuum that’s nearly devoid of resistance, as few or no shareholders own the stock at those price points.

Sidus Space (NASDAQ:SIDU) and Polished.com (AMEX:POL) are a few dollars away from hitting their gaps, but, if they do, their trading volume should increase, because that’s almost like finding free money from the market.

Siyata Mobile (NASDAQ:SYTA) is an ultralow-float listing that’s on the cusp of finally kicking the door open to refill the big gap, from just above $5 to over $9, and Siyata’s 20-day simple moving average has been a solid support level, Siyata recently crossed its 50-day SMA, which strengthens what we believe to be one of the top risk reward scenarios on the market today.

Siyata briefly broke through the $5 resistance level, on Friday and breaching that day’s high on strong volume should be the catalyst to help realize the technical setup that should propel (NASDAQ:SYTA) to hit $9, while the SMA supports should protect the downside risk.

However, even if the stock were trading at $10 per share, the company would still have a market cap of less than $6 million.

A simple 2 times earnings calculation would value this between $16 and $20 million, while Zachs estimates that Siyata should eclipse $15 million in 2024, so (NASDAQ:SYTA) should remain a buyers’ market.

With an estimated float of 550K shares and 557K shares outstanding, upcoming news, like the expected upcoming release of the SD7+ first responder handset or an additional carrier breakthrough, could make this the Stock DuJour like many of our other favorite recent low float listings.

DISCLAIMER:
24/7 Market News (24/7MN) is a third-party publisher and online news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ, and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7 MN is not affiliated with any company written about in this release and owns no shares of stock. 24/7MN’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.
The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and based on publicly available information which is believed to be reliable.
The stocks and strategies discussed are simply ideas only and are in no way financial advice or recommendations. The author may or may not at any time be holding securities discussed. The author may or may not enter trades in the stocks mentioned. Some positions in mentioned stocks may already be held or are being adjusted or are simply examples, ideas or discussion topics. You are always trading at your own risk.

Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.

CONTACT:
24/7 Market News
Editor@247marketnews.com

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.