Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Free Report) - Stock analysts at Northland Capmk reduced their FY2024 EPS estimates for Satixfy Communications in a research note issued to investors on Tuesday, December 10th. Northland Capmk analyst T. Savageaux now anticipates that the company will post earnings of ($0.48) per share for the year, down from their prior estimate of ($0.47). Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for Satixfy Communications' current full-year earnings is ($0.47) per share. Northland Capmk also issued estimates for Satixfy Communications' Q4 2024 earnings at ($0.07) EPS.
Separately, Northland Securities initiated coverage on shares of Satixfy Communications in a research report on Thursday, December 5th. They set an "outperform" rating and a $2.00 target price for the company.
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Satixfy Communications Trading Up 1.4 %
Shares of Satixfy Communications stock traded up $0.01 during trading on Thursday, hitting $0.93. 65,966 shares of the company's stock traded hands, compared to its average volume of 82,828. Satixfy Communications has a twelve month low of $0.30 and a twelve month high of $1.11.
Hedge Funds Weigh In On Satixfy Communications
An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC increased its stake in Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Free Report) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,277,958 shares of the company's stock after purchasing an additional 95,115 shares during the period. Senvest Management LLC owned approximately 5.15% of Satixfy Communications worth $3,024,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.04% of the company's stock.
About Satixfy Communications
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Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.
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