At the last check on Thursday, Satixfy Communications Ltd.’s (AMEX:SATX) stock was up $0.14, moving up 30.22 percent to $0.62. The average number of shares traded per day over the past five days has been 6,113,323 shares. 3 times new highs have been achieved over the past 5 days, with a $0.1202 gain in that time frame. In the last twenty days, the average volume was 1,935,971, while in the previous 50 days, it was 909,966.
Since last month, SATX stock rose 90.70%. Shares of the company fell to $0.2768 on 08/08/23, the lowest level in the past month. Since the beginning of this year, SATX’s stock price has dropped by -91.99% or -$7.1698, and marked a new high 2 times. However, the stock has declined by -99.21% since its 52-week high.
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Financial Health
In the recent quarter, Satixfy Communications Ltd.’s quick ratio stood at 1.10, while its current ratio was 1.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 54.60% percent. Based on annual data, SATX earned $6.13 million in gross profit and brought in $10.63 million in revenue.
SATX’s revenue rose 100.0% during the quarter, while net income inched up to $10.63 million. During the quarter, the company generated -$5.71 million in EBITDA. The liabilities of Satixfy Communications Ltd. were 101.02 million at the end of its most recent quarter, and its total debt was $59.82 million.
Technical Picture
This quick technical analysis looks at Satixfy Communications Ltd.’s (SATX) price momentum. With a historical volatility rate of 131.65%, the RSI 9-day stood at 86.62% on 30 August.
With respect to its five-day moving average, the current Satixfy Communications Ltd. price is up by +25.04% percent or $0.1202. At present, SATX shares trade +86.98% above its 20-day simple moving average and -16.64% percent below its 100-day simple moving average. However, the stock is currently trading approximately +36.41% above its SMA50 and -94.99% below its SMA200.
Stochastic coefficient K was 70.70% and Stochastic coefficient D was 75.20%, while ATR was 0.0747. Given the Stochastic reading of 58.86% for the 14-day period, the RSI (14) reading has been calculated as 80.40%. As of today, the MACD Oscillator reading stands at 0.0488, while the 14-day reading stands at 0.0897.
Analyst Ratings
Satixfy Communications Ltd. (SATX) has been rated – by analysts. According to 0 brokerage firms, SATX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Satixfy Communications Ltd. stock as buy, with 0 recommending it as overweight.
