Buy, Sell Or Hold SatixFy Communications Ltd. (AMEX:SATX) At $0.68?

In last trading session, SatixFy Communications Ltd. (AMEX:SATX) saw 79691.0 shares changing hands with its beta currently measuring 0.97. Company’s recent per share price level of $0.68 trading at $0.02 or 2.01% at ring of the bell on the day assigns it a market valuation of $56.42M. That closing price of SATX’s stock is at a discount of -19.12% from its 52-week high price of $0.81 and is indicating a premium of 58.82% from its 52-week low price of $0.28. Taking a look at company’s average trading volume volume of 65.12K if we extend that period to 3-months.

For SatixFy Communications Ltd. (SATX), analysts’ consensus is at an average recommendation of Hold. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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SatixFy Communications Ltd. (AMEX:SATX) trade information

Upright in the green during last session for gaining 2.01%, in the last five days SATX remained trading in the green while hitting it’s week-highest on Wednesday, 07/03/24 when the stock touched $0.68 price level, adding 1.45% to its value on the day. SatixFy Communications Ltd.’s shares saw a change of 85.90% in year-to-date performance and have moved 3.22% in past 5-day. SatixFy Communications Ltd. (AMEX:SATX) showed a performance of 2.27% in past 30-days.

SATX Dividends

SatixFy Communications Ltd. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

SatixFy Communications Ltd. (AMEX:SATX)’s Major holders

Insiders are in possession of 54.38% of company’s total shares while institution are holding 12.23 percent of that, with stock having share float percentage of 26.81% . Investors also watch the number of corporate investors in a company very closely, which is 12.23% institutions for SatixFy Communications Ltd. that are currently holding shares of the company. Francisco Partners Management, LP is the top institutional holder at SATX for having 5.94 shares of worth $3.95 million. And as of Mar 31, 2024 , it was holding 7.02% of the company’s outstanding shares.

The second largest institutional holder is Senvest Management LLC , which was holding about 3.94 shares on Mar 31, 2024 . The number of shares represents firm’s hold over 4.66% of outstanding shares, having a total worth of $2.63 million.