Satixfy Communications FY2024 EPS Decreased by Northland Capmk

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) – Equities research analysts at Northland Capmk lowered their FY2024 earnings estimates for shares of Satixfy Communications in a report released on Tuesday, December 10th. Northland Capmk analyst T. Savageaux now forecasts that the company will post earnings of ($0.48) per share for the year, down from their prior estimate of ($0.47). Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Satixfy Communications’ current full-year earnings is ($0.47) per share. Northland Capmk also issued estimates for Satixfy Communications’ Q4 2024 earnings at ($0.07) EPS.

Separately, Northland Securities started coverage on Satixfy Communications in a research note on Thursday, December 5th. They issued an “outperform” rating and a $2.00 price objective on the stock.

Satixfy Communications Price Performance

Shares of NYSEAMERICAN:SATX opened at $0.93 on Thursday. Satixfy Communications has a 1 year low of $0.30 and a 1 year high of $1.11.

Hedge Funds Weigh In On Satixfy Communications

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC grew its position in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,277,958 shares of the company’s stock after purchasing an additional 95,115 shares during the quarter. Senvest Management LLC owned approximately 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent reporting period. 5.04% of the stock is owned by hedge funds and other institutional investors.

Satixfy Communications Company Profile

Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.