Why Syra Health Stock Is Volatile Today

Syra Health Corp SYRA shares are trading higher by 12.3% to $3.28 during Monday’s session, though off the session high of $4.15, after the company said it secured a healthcare workforce contract with the county of Fairfax, Virginia. The contract involves staffing licensed nurses for 24-hour nursing care and other temporary healthcare positions.

The agreement aims to support the County of Fairfax in meeting its clinical workforce needs, aligning with Syra Health’s commitment to advancing healthcare through personnel. Sandeep Allam, Executive Chairman and President of Syra Health, emphasized their dedication to enhancing healthcare beyond traditional models.

Previously, Syra Health secured contracts with the Commonwealth of Virginia Department of Corrections and the state Department of General Services.

The company currently holds active contracts in 15 states across various sectors, including government agencies, payers, and academic institutions. The newly announced contract with Fairfax County is effective until June 30, 2028, with potential for renewal for two additional years.

Revenue will be determined based on staffing needs and hourly rates for each position.

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How To Buy SYRA Stock

By now you're likely curious about how to participate in the market for Syra Health – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Syra Health, which is trading at $3.79 as of publishing time, $100 would buy you 26.39 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, SYRA has a 52-week high of $8.37 and a 52-week low of $0.81.