SatixFy Communications Ltd (AMEX: SATX) has experienced a decline in its stock price by -15.83 compared to its previous closing price of 1.39. However, the company has seen a fall of -2.50% in its stock price over the last five trading days. prnewswire.com reported 2024-11-04 that OTTAWA, ON and REHOVOT, Israel, Nov. 4, 2024 /PRNewswire/ — Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced that SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will develop and deliver the Landing Station Baseband Units for the upcoming Telesat Lightspeed Network.
Is It Worth Investing in SatixFy Communications Ltd (AMEX: SATX) Right Now?
The 36-month beta value for SATX is at 0.68. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SATX is 31.74M, and currently, shorts hold a 0.05% of that float. The average trading volume for SATX on February 25, 2025 was 259.50K shares.
SATX’s Market Performance
SATX’s stock has seen a -2.50% decrease for the week, with a -12.69% drop in the past month and a 45.22% gain in the past quarter. The volatility ratio for the week is 16.62%, and the volatility levels for the past 30 days are at 13.53% for SatixFy Communications Ltd The simple moving average for the past 20 days is -7.14% for SATX’s stock, with a 36.49% simple moving average for the past 200 days.
SATX Trading at -10.92% 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 -51.05% of loss for the given period.
Volatility was left at 13.53%, however, over the last 30 days, the volatility rate increased by 16.62%, as shares sank -7.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.95% upper at present.
During the last 5 trading sessions, SATX fell by -2.50%, which changed the moving average for the period of 200-days by +98.31% in comparison to the 20-day moving average, which settled at $1.2600. In addition, SatixFy Communications Ltd saw -23.53% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SATX starting from Rainish Doron, who proposed sale 50,000 shares at the price of $1.23 back on Dec 30 ’24. After this action, Rainish Doron now owns shares of SatixFy Communications Ltd, valued at $61,675 using the latest closing price.
Rainish Doron, the Officer of SatixFy Communications Ltd, proposed sale 50,000 shares at $0.92 during a trade that took place back on Nov 05 ’24, which means that Rainish Doron is holding shares at $46,000 based on the most recent closing price.
Stock Fundamentals for SATX
Current profitability levels for the company are sitting at:
- -3.56 for the present operating margin
- 0.62 for the gross margin
The net margin for SatixFy Communications Ltd stands at -0.41. The total capital return value is set at 1.18.
Based on SatixFy Communications Ltd (SATX), the company’s capital structure generated -3.52 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at -0.78. The interest coverage ratio of the stock is -3.21.
Currently, EBITDA for the company is -16.16 million with net debt to EBITDA at 2.6. When we switch over and look at the enterprise to sales, we see a ratio of 15.84. The receivables turnover for the company is 1.11for trailing twelve months and the total asset turnover is 0.4. 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 had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
