Satixfy Communications FY2024 EPS Decreased by Northland Capmk

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) – Investment analysts at Northland Capmk lowered their FY2024 earnings estimates for Satixfy Communications in a research note issued on Tuesday, December 10th. Northland Capmk analyst T. Savageaux now forecasts that the company will post earnings per share of ($0.48) 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 began coverage on Satixfy Communications in a research report on Thursday, December 5th. They set an “outperform” rating and a $2.00 price objective for the company.

Satixfy Communications Stock Up 1.4 %

Shares of NYSEAMERICAN SATX opened at $0.93 on Thursday. Satixfy Communications has a 52 week low of $0.30 and a 52 week high of $1.11.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC increased its holdings in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,277,958 shares of the company’s stock after acquiring an additional 95,115 shares during the quarter. Senvest Management LLC owned approximately 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent quarter. 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.