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SatixFy Communications ( (SATX) ) has issued an update.
On May 23, 2025, SatixFy Communications Ltd. announced that its shareholders overwhelmingly approved a merger agreement with MDA Space Ltd. in a special general meeting. This strategic acquisition, which received over 99% approval from voting shareholders, will see SatixFy become a wholly owned subsidiary of MDA Space, enhancing its market position as the industry transitions from analog to digital technologies.
The most recent analyst rating on (SATX) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on SatixFy Communications stock, see the SATX Stock Forecast page.
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. develops chips and systems for the satellite communication industry, offering products such as satellite multi-beam digital space antennas, space processors, and modems. Their technology supports advanced satellite communications systems and is optimized for various mobile applications, including aero/in-flight connectivity and communications-on-the-move.
Average Trading Volume: 814,194
Technical Sentiment Signal: Buy
Current Market Cap: $252.2M
Find detailed analytics on SATX stock on TipRanks’ Stock Analysis page.