Satixfy Communications FY2024 EPS Decreased by Northland Capmk

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) – Analysts at Northland Capmk dropped their FY2024 earnings per share estimates for shares of Satixfy Communications in a research note issued to investors on Tuesday, December 10th. Northland Capmk analyst T. Savageaux now anticipates that the company will earn ($0.48) per share for the year, down from their prior estimate of ($0.47). Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Satixfy Communications’ current full-year earnings is ($0.48) per share. Northland Capmk also issued estimates for Satixfy Communications’ Q4 2024 earnings at ($0.07) EPS.

Separately, Northland Securities assumed coverage on Satixfy Communications in a report on Thursday, December 5th. They set an “outperform” rating and a $2.00 target price for the company.

Satixfy Communications Price Performance

SATX opened at $1.03 on Thursday. Satixfy Communications has a 12-month low of $0.30 and a 12-month high of $1.11.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC boosted its stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% in the third 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 buying 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. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.