Next Super Stock Siyata Mobile (NASDAQ: SYTA)
June 5 Update: Core Gaming Expands into AI Productivity Apps
CEO Aitan Zacharin of Core Gaming discusses transformative merger with Siyata Mobile (NASDAQ: SYTA). Core Gaming is a fast growing $80 million revenue business at the intersection of AI and $126 BILLION Mobile Gaming market.
Siyata Mobile (NASDAQ: SYTA) has announced a transformative merger with CORE Gaming – an AI-powered Mobile gaming company that’s generating $80 Million in revenues.
$SYTA shareholders will have 10% of the combined company generating about $100 million revenues.
What is that worth? Check out the comps: AppLovin (NASDAQ: APP) is trading at at +20X revenues = $110 BILLION market cap.
Even at a multiple of 10X revenues, SYTA could be worth $1 Billion+. That means SYTA shareholders 10% would be worth $100 million – and north of $25.00 per share.
Right now SYTA is trading at $1.50 – just $6 mil market cap. That is a “valuation gap” of $94 million
This indicates +20X upside potential to $25.00+ from the current price – if this “valuation gap” closes.
There is obviously M&A risk involved as the transaction has not closed yet, as well as the usual microcap speculative risks. Our thesis of $25.00+ upside potential is based on the closing of the M&A transaction – and the market awarding a 10X revenue multiple (in line with peer group comps) on the combined entity’s $100 million in estimated revenues.
The market is WAKING UP to $SYTA potential. The stock traded 140 MILLION shares on May 9, when news of Core Gaming’s AI tech was released.As we say: Volume precedes price action.
We believe the “valuation gap” will start to narrow as the merger closing date approaches in the next 60 days or so.
With a potential 20X upside, $SYTA is the classic “Asymmetric Setup” we describe in TEN BAGGER BLUEPRINT.
Add $SYTA to your WATCH LIST.