Satixfy Communications (NYSEAMERICAN:SATX) Now Covered by Analysts at Northland Securities

Northland Securities initiated coverage on shares of Satixfy Communications (NYSEAMERICAN:SATX) in a report issued on Thursday,Benzinga reports. The firm set an “outperform” rating and a $2.00 price target on the stock. Northland Securities’ price objective points to a potential upside of 138.10% from the company’s current price.

Satixfy Communications Stock Performance

SATX opened at $0.84 on Thursday. Satixfy Communications has a 52 week low of $0.30 and a 52 week high of $1.11.

Satixfy Communications (NYSEAMERICAN:SATX) last released its quarterly earnings results on Friday, September 6th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $4.15 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC grew its stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. 5.04% of the stock is currently owned by institutional investors.

About Satixfy Communications

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.