Should You Invest in Gilat Satellite Networks (GILT) Now?

Gilat Satellite Networks (NASDAQ: GILT) has a higher price-to-earnings ratio of 14.34x compared to its average ratio, The 36-month beta value for GILT is at 0.56. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for GILT is 53.08M, and currently, shorts hold a 0.08% of that float. The average trading volume for GILT on April 03, 2024 was 143.87K shares.

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GILT) stock’s latest price update

Gilat Satellite Networks (NASDAQ: GILT) has seen a rise in its stock price by 4.02 in relation to its previous close of 5.72. However, the company has experienced a 12.69% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-26 that PETAH TIKVA, Israel, March 26, 2024 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced that it will be presenting at the 14th Annual LD Micro Invitational at the Sofitel New York on April 8-9, 2024.

GILT’s Market Performance

Gilat Satellite Networks (GILT) has experienced a 12.69% rise in stock performance for the past week, with a 2.59% rise in the past month, and a -3.88% drop in the past quarter. The volatility ratio for the week is 3.33%, and the volatility levels for the past 30 days are at 2.83% for GILT. The simple moving average for the past 20 days is 7.43% for GILT’s stock, with a -4.19% simple moving average for the past 200 days.

Analysts’ Opinion of GILT

Many brokerage firms have already submitted their reports for GILT stocks, with Needham repeating the rating for GILT by listing it as a “Buy.” The predicted price for GILT in the upcoming period, according to Needham is $7 based on the research report published on June 27, 2023 of the previous year 2023.

Brigantine gave a rating of “Buy” to GILT, setting the target price at $5.50 in the report published on March 29th of the previous year.

GILT Trading at -0.46% from the 50-Day Moving Average

After a stumble in the market that brought GILT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.90% of loss for the given period.

Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 3.33%, as shares surge +5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.75% lower at present.

During the last 5 trading sessions, GILT rose by +11.74%, which changed the moving average for the period of 200-days by -1.17% in comparison to the 20-day moving average, which settled at $5.55. In addition, Gilat Satellite Networks saw -2.62% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for GILT

Current profitability levels for the company are sitting at:

  • 0.11 for the present operating margin
  • 0.39 for the gross margin

The net margin for Gilat Satellite Networks stands at 0.09. The total capital return value is set at 0.1. Equity return is now at value 9.06, with 5.79 for asset returns.

Based on Gilat Satellite Networks (GILT), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 2.65. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 26.74.

Currently, EBITDA for the company is 31.67 million with net debt to EBITDA at -2.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. The receivables turnover for the company is 3.64for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.

Conclusion

In conclusion, Gilat Satellite Networks (GILT) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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