There is no way Satixfy Communications Ltd. (SATX) can keep these numbers up

With 0.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.92 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $0.7900 whereas the lowest price it dropped to was $0.7510. The 52-week range on SATX shows that it touched its highest point at $79.21 and its lowest point at $0.28 during that stretch. Beta for the stock currently stands at 0.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SATX was up-trending over the past week, with a rise of 10.34%, but this was up by 162.02% over a month. Three-month performance surged to 66.32% while six-month performance fell -20.09%. The stock lost -92.05% in the past year, while it has lost -89.83% so far this year.

Float and Shares Shorts:

At present, 80.78 million SATX shares are outstanding with a float of 34.83 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.33 million, which was 0.41% higher than short shares on Jul 30, 2023. In addition to Mr. Yoav Leibovitch as the firm’s Co-Founder & Chairman of Directors, Mr. Oren Harari serves as its Interim Chief Financial Officer.

Institutional Ownership:

Through their ownership of 9.18% of SATX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.01% of SATX, in contrast to 0.13% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SATX with 3.51% of the stake, Cohen & Company Financial Managem holds 2,836,975 shares worth 2,836,975. A second-largest stockholder of SATX, ARK Investment Management LLC, holds 1,445,501 shares, controlling over 1.79% of the firm’s shares. Meteora Capital LLC is the third largest shareholder in SATX, holding 125,000 shares or 0.16% stake. With a 0.12% stake in SATX, the Lumyna – MW TOPS UCITS Fund is the largest stakeholder. A total of 98,674 shares are owned by the mutual fund manager. The ARK Israel Innovative Technology, which owns about 0.01% of SATX stock, is the second-largest Mutual Fund holder. It holds 9,565 shares valued at 6227.0. KLP Aksjeglobal Small Cap Indeks holds 0.00% of the stake in SATX, owning 0 shares worth 0.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SATX reported revenue of $1.17M and operating income of -$6.06M. The EBITDA in the recently reported quarter was -$5.52M and diluted EPS was -$0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SATX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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