Northland Capmk Weighs in on Satixfy Communications Q3 Earnings

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) – Research analysts at Northland Capmk issued their Q3 2024 EPS estimates for shares of Satixfy Communications in a note issued to investors on Thursday, December 5th. Northland Capmk analyst T. Savageaux forecasts that the company will post earnings of ($0.12) per share for the quarter. Northland Capmk currently 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 ($0.10) EPS, FY2024 earnings at ($0.47) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.37) EPS and FY2026 earnings at ($0.19) EPS.

Separately, Northland Securities began coverage on shares of Satixfy Communications in a research note on Thursday, December 5th. They set an “outperform” rating and a $2.00 price objective on the stock.

Satixfy Communications Trading Up 4.8 %

SATX opened at $0.88 on Monday. Satixfy Communications has a 1-year low of $0.30 and a 1-year 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 company 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 lifted its stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,277,958 shares of the company’s stock after acquiring an additional 95,115 shares during the quarter. Senvest Management LLC owned 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent reporting period. Institutional investors own 5.04% of the company’s stock.

Satixfy Communications Company Profile

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.