What should you know before buying stock in Gilat Satellite Networks (GILT)

Gilat Satellite Networks (NASDAQ: GILT) is -2.60% lower on its value in year-to-date trading and has touched a low of $4.04 and a high of $8.05 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 $6.68 in the last trading session, with the day’s loss setting it -0.69%.

Currently trading at $5.99, the stock is -7.02% and -6.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -10.33% at the moment leaves the stock 2.24% off its SMA200. GILT registered 8.12% gain for a year compared to 6-month gain of 20.28%.

The stock witnessed a -2.28% loss in the last 1 month and extending the period to 3 months gives it a -18.50%, and is -9.24% 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 3.82% over the week and 2.92% over the month.

Gilat Satellite Networks (GILT) has around 1118 employees, a market worth around $341.53M and $321.41M in sales. Current P/E ratio is 24.59 and Fwd P/E is 9.15. Profit margin for the company is 4.32%. Distance from 52-week low is 48.27% and -25.54% from its 52-week high. The company has generated returns on investments over the last 12 months (3.85%).

The EPS is expected to shrink by -7.14% this year.

Gilat Satellite Networks (GILT) Top Institutional Holders

The shares outstanding are 57.02M, and float is at 55.56M with Short Float at 0.97%.

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 4.8344% 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 3.2929 of the shares outstanding. The other top investors are CLAL INSURANCE ENTERPRISES HOLDINGS LTD which holds 1.9 million shares representing 2.9249% and valued at over $8.51 million, while WELLINGTON MANAGEMENT GROUP LLP holds 2.8064 of the shares totaling 1.83 million with a market value of $8.17 million.