Gilat Satellite Networks (NASDAQ: GILT) is -3.45% lower on its value in year-to-date trading and has touched a low of $4.04 and a high of $6.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GILT stock was last observed hovering at around $5.80 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $5.89, the stock is -0.44% and 7.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 1.55% at the moment leaves the stock 14.89% off its SMA200. GILT registered -5.61% loss for a year compared to 6-month gain of 35.62%. The firm has a 50-day simple moving average (SMA 50) of $5.469 and a 200-day simple moving average (SMA200) of $5.1253.
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The stock witnessed a 12.58% loss in the last 1 month and extending the period to 3 months gives it a 21.14%, and is -1.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.77% over the week and 3.81% over the month.
Gilat Satellite Networks (GILT) has around 1183 employees, a market worth around $336.36M and $302.93M in sales. Current P/E ratio is 20.33 and Fwd P/E is 13.72. Profit margin for the company is 5.46%. Distance from 52-week low is 45.79% and -11.56% from its 52-week high. The company has generated returns on investments over the last 12 months (5.59%).
The EPS is expected to grow by 27.86% this year.
Gilat Satellite Networks (GILT) Top Institutional Holders
86.0 institutions hold shares in Gilat Satellite Networks (GILT), with institutional investors hold 31.69% of the company’s shares. The shares outstanding are 57.02M, and float is at 55.80M with Short Float at 0.26%. Institutions hold 31.69% of the Float.
The top institutional shareholder in the company is PHOENIX HOLDINGS LTD. with over 3.15 million shares valued at $14.07 million. The investor’s holdings represent 5.5198% of the GILT Shares outstanding. As of 2024-06-30, the second largest holder is AWM INVESTMENT COMPANY, INC. with 2.14 million shares valued at $9.58 million to account for 3.7597 of the shares outstanding. The other top investors are CLAL INSURANCE ENTERPRISES HOLDINGS LTD which holds 1.9 million shares representing 3.3396% and valued at over $8.51 million, while WELLINGTON MANAGEMENT GROUP LLP holds 3.2043 of the shares totaling 1.83 million with a market value of $8.17 million.
Gilat Satellite Networks (GILT) Insider Activity
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