Is SatixFy Communications Ltd (AMEX: SATX) Stock Ready To Get A Higher Bid?

In the latest trading session,, 5.0 million SatixFy Communications Ltd (AMEX:SATX) shares changed hands as the company’s beta touched 0.49. With the company’s most recent per share price at $2.91 changing hands around $0.87 or 42.68% at last look, the market valuation stands at $252.21M. SATX’s last price was a premium, traded about 17.87% off its 52-week high of $2.39. The share price had its 52-week low at $0.57, which suggests the last value was 80.41% up since then. When we look at SatixFy Communications Ltd’s average trading volume, we note the 10-day average is 0.2 million shares, with the 3-month average coming to 670.21K.

Analysts gave the SatixFy Communications Ltd (SATX) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SATX as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.

SatixFy Communications Ltd (AMEX:SATX) trade information

Instantly SATX is in green as seen in intraday trades today. With action 42.68%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 90.24%, with the 5-day performance at 42.68% in the green. However, in the 30-day time frame, SatixFy Communications Ltd (AMEX:SATX) is 44.81% up. Looking at the short shares, we see there were 0.14 million shares sold at short interest cover period of 0.1 days.

The 2025 estimates are for SatixFy Communications Ltd earnings to decrease by -38.23%.

SATX Dividends

SatixFy Communications Ltd is expected to release its next quarterly earnings report on 2025-Mar-31.

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

If we look at who the major shareholders are, we find that insiders hold 53.14% of SatixFy Communications Ltd shares while 14.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.05%.

With 825.91 shares estimated at $2.41 million under it, the former controlled 0.96% of total outstanding shares.