In the last trading session, 3,590,591 shares of the Gilat Satellite Networks Ltd.(NASDAQ:GILT) were traded, and its beta was 0.58. Most recently the company’s share price was $15.14, and it changed around -$0.2 or -0.01% from the last close, which brings the market valuation of the company to $840.95 Million. GILT currently trades at a discount to its 52-week high of $22.69, offering almost -49.87% off that amount. The share price’s 52-week low was $4.7, which indicates that the current value has risen by an impressive 68.96% since then. We note from Gilat Satellite Networks Ltd.’s average daily trading volume that its 10-day average is 4.58 Million shares, with the 3-month average coming to 1.87 Million.
Gilat Satellite Networks Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended GILT as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Gilat Satellite Networks Ltd. is expected to report earnings per share of $0 for the current quarter.
Gilat Satellite Networks Ltd. (NASDAQ:GILT): Trading Information
Although GILT has showed a red trend with a performance of -1.3% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $21.15 on Tuesday, Feb 16 increased the stock’s daily price by 28.42%. The company’s shares are currently up 1.32% year-to-date, but still down -0.2892 over the last five days. On the other hand, Gilat Satellite Networks Ltd. (NASDAQ:GILT) is 0.5% up in the 30-day period. We can see from the shorts that 793.07 Million shares have been sold at a short interest cover period of 424.1 day(s).
The consensus price target as assigned by Wall Street analysts is $4.94, which translates to bears needing to reduce their stock price by -67.37% from its current value. Analyst projections state that GILT is forecast to be at a low of $4.94 and a high of $4.94. In order for the stock price to hit the forecast high, the stock would need to surge -67.37% from its current level, while the stock would need to crash -67.37% from its current level to reach the projected low.
Gilat Satellite Networks Ltd. (GILT) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 20.4%. Gilat Satellite Networks Ltd. earnings are expected to decrease by -3.7% in 2021, but the outlook is positive 10% per year for the next five years.
GILT Dividend Yield
Gilat Satellite Networks Ltd.’s next quarterly earnings report is expected to be released around May 18 – May 22, 2017. The annual dividend yield of the stock is 6.5 percent and its annual dividend per share was $0.99. It is important to note, however, that the 6.5% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Gilat Satellite Networks Ltd. (NASDAQ:GILT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 11.61% of Gilat Satellite Networks Ltd. shares, and 75.11% of them are in the hands of institutional investors. The stock currently has a share float of 84.97%. Gilat Satellite Networks Ltd. stock is held by 91 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 4.68% of the shares, which is about 2.6 Million shares worth $16.94 Million.
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Wellington Management Company, LLP, with 1.89% or 1.05 Million shares worth $6.84 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Litman Gregory Masters Alternative Strategies Fund and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Sep 29, 2020. The former held 468912 shares worth $2.56 Million, making up 0.84% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 396.98 Thousand shares worth around $2.38 Million, which represents about 0.72% of the total shares outstanding.