The stock of SatixFy Communications Ltd. (AMEX: SATX) has increased by 13.69 when compared to last closing price of 0.62.Despite this, the company has seen a gain of 11.28% in its stock price over the last five trading days. businesswire.com reported 2024-06-17 that REHOVOT, Israel–(BUSINESS WIRE)–SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced it has secured a significant order from an undisclosed customer. Under the terms of the order, SatixFy will be supplying Prime2 Space-Grade chips and software over the coming five quarters in exchange for payment from the customer to SatixFy of more than $20 million. This is a follow up.
Is It Worth Investing in SatixFy Communications Ltd. (AMEX: SATX) Right Now?
Additionally, the 36-month beta value for SATX is 0.97.
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The public float for SATX is 31.74M and currently, short sellers hold a 0.29% ratio of that float. The average trading volume of SATX on October 23, 2024 was 43.14K shares.
SATX’s Market Performance
SATX stock saw a decrease of 11.28% in the past week, with a monthly decline of -0.69% and a quarterly a decrease of -0.56%. The volatility ratio for the week is 4.86%, and the volatility levels for the last 30 days are 5.74% for SatixFy Communications Ltd. (SATX). The simple moving average for the past 20 days is 6.29% for SATX’s stock, with a 16.32% simple moving average for the past 200 days.
SATX Trading at 3.25% from the 50-Day Moving Average
After a stumble in the market that brought SATX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.33% of loss for the given period.
Volatility was left at 5.74%, however, over the last 30 days, the volatility rate increased by 4.86%, as shares sank -0.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.12% upper at present.
During the last 5 trading sessions, SATX rose by +11.27%, which changed the moving average for the period of 200-days by +120.21% in comparison to the 20-day moving average, which settled at $0.6632. In addition, SatixFy Communications Ltd. saw 94.13% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SATX
Current profitability levels for the company are sitting at:
- -3.5 for the present operating margin
- 0.62 for the gross margin
The net margin for SatixFy Communications Ltd. stands at -0.42. The total capital return value is set at 1.96.
Based on SatixFy Communications Ltd. (SATX), the company’s capital structure generated -2.6 points at debt to capital in total, while cash flow to debt ratio is standing at -0.25. The debt to equity ratio resting at -0.72. The interest coverage ratio of the stock is -2.69.
Currently, EBITDA for the company is -40.45 million with net debt to EBITDA at -1.34. When we switch over and look at the enterprise to sales, we see a ratio of 9.97. The receivables turnover for the company is 0.87for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.
Conclusion
In conclusion, SatixFy Communications Ltd. (SATX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
