SatixFy Communications ( (SATX) ) has shared an update.
SatixFy Communications Ltd. has announced a Special General Meeting of Shareholders scheduled for May 20, 2025, to discuss and vote on a proposed merger with MDA Space Ltd. The merger involves a two-step process where SatixFy will become a wholly owned subsidiary of MDA Space. Shareholders will receive $2.10 per share in cash, and the merger is recommended by the company’s board as being in the best interest of shareholders. The board has unanimously recommended voting in favor of the merger and related proposals.
Spark’s Take on SATX Stock
According to Spark, TipRanks’ AI Analyst, SATX is a Underperform.
SatixFy Communications’ stock score reflects significant financial challenges, including negative equity and profitability issues, which are major concerns. While the technical analysis shows positive momentum, the negative P/E ratio and absence of dividends weigh on the valuation.
To see Spark’s full report on SATX stock, click here.
More about SatixFy Communications
SatixFy Communications Ltd. is a company based in Israel, operating in the communications sector. The company is involved in providing advanced satellite communication technology and solutions.
YTD Price Performance: 11.24%
Average Trading Volume: 551,314
Technical Sentiment Signal: Strong Sell
Current Market Cap: $172M
See more insights into SATX stock on TipRanks’ Stock Analysis page.