Could SatixFy Communications Ltd’s (AMEX: SATX) Earnings Exceed Your Expectations?

In today’s recent session, 1.07 million shares of the SatixFy Communications Ltd (AMEX:SATX) have been traded, and its beta is 0.96. Most recently the company’s share price was $1.60, and it changed around $0.37 or 29.62% from the last close, which brings the market valuation of the company to $140.19M. SATX at last check was trading at a discount to its 52-week high of $1.30, offering almost 18.75% off that amount. The share price’s 52-week low was $0.30, which indicates that the recent value has risen by an impressive 81.25% since then. We note from SatixFy Communications Ltd’s average daily trading volume that its 10-day average is 0.29 million shares, with the 3-month average coming to 145.23K.

SatixFy Communications Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SATX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. SatixFy Communications Ltd is expected to report earnings per share of -0.08 for the current quarter.

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SatixFy Communications Ltd (AMEX:SATX) trade information

Instantly SATX has been showing a green trend so far today with a performance of 29.62% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6399 on recent trading dayincreased the stock’s daily price by 2.43%. The company’s shares are currently up 340.35% year-to-date, but still up 33.24% over the last five days. On the other hand, SatixFy Communications Ltd (AMEX:SATX) is 79.65% up in the 30-day period. We can see from the shorts that 0.12 million shares have been sold at a short interest cover period of 0.63 day(s).

SatixFy Communications Ltd (SATX) estimates and forecasts

SatixFy Communications Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 139.18 percent over the past six months and at a -29.73% annual growth rate that is well below the industry average of -17.00%.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 9.7M in revenue for the current quarter. 2 analysts expect SatixFy Communications Ltd to make 3.5M in revenue for the current ending quarter.

SATX Dividends

SatixFy Communications Ltd’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 54.38% of SatixFy Communications Ltd shares, and 14.38% of them are in the hands of institutional investors. The stock currently has a share float of 31.52%.

The former held 9.56 shares worth $16030.0, making up 0.01% of all outstanding shares.