Northland Capmk Comments on Satixfy Communications Q3 Earnings

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) – Equities researchers at Northland Capmk issued their Q3 2024 earnings per share estimates for shares of Satixfy Communications in a note issued to investors on Thursday, December 5th. Northland Capmk analyst T. Savageaux anticipates that the company will earn ($0.12) per share for the quarter. Northland Capmk currently has a “Strong-Buy” rating on the stock. Northland Capmk also issued estimates for Satixfy Communications’ Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.47) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.37) EPS and FY2026 earnings at ($0.19) EPS.

Separately, Northland Securities began coverage on shares of Satixfy Communications in a research note on Thursday. They set an “outperform” rating and a $2.00 price target on the stock.

Satixfy Communications Trading Down 0.3 %

Shares of NYSEAMERICAN:SATX opened at $0.84 on Monday. Satixfy Communications has a 12 month low of $0.30 and a 12 month high of $1.11.

Satixfy Communications (NYSEAMERICAN:SATX) last announced its quarterly earnings data on Friday, September 6th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $4.15 million during the quarter.

Institutional Trading of Satixfy Communications

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC raised its holdings in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,277,958 shares of the company’s stock after buying an additional 95,115 shares during the period. Senvest Management LLC owned about 5.15% of Satixfy Communications worth $3,024,000 as of its most recent SEC filing. Institutional investors own 5.04% of the company’s stock.

About Satixfy Communications

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.