GILT Stock Summary and Trading Ideas (Gilat Satellite Networks Ltd. - | NASDAQ:GILT)

Gilat Satellite Networks Ltd is a provider of satellite-based broadband communications. The company designs and manufactures ground-based satellite communications equipment and provides comprehensive solutions and end-to-end services. Its portfolio includes a cloud-based satellite network platform, very small aperture terminals (VSATs), amplifiers, high-speed modems, on-the-move antennas and high-power solid-state power amplifiers (SSPAs), block-up converters (BUCs) and Transceivers. The company's solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety.

Gilat Satellite Networks Ltd. - trades on the NASDAQ stock market under the symbol GILT.

As of May 13, 2024, GILT stock price declined to $5.55 with 85,429 million shares trading.

GILT has a beta of 1.03, meaning it tends to be more sensitive to market movements. GILT has a correlation of 0.10 to the broad based SPY ETF.

GILT has a market cap of $316.44 million. This is considered a Small Cap stock.

Last quarter Gilat Satellite Networks Ltd. - reported $76 million in Revenue and $.11 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.05.

In the last 3 years, GILT stock traded as high as $11.20 and as low as $4.51.

The top ETF exchange traded funds that GILT belongs to (by Net Assets): IZRL, ITEQ, GWX, ISRA.

GILT has underperformed the market in the last year with a return of +1.6%, while the SPY ETF gained +27.8%. In the last 3 month period, GILT fell short of the market, returning -14.6%, while SPY returned +4.2%. However, in the most recent 2 weeks GILT has outperformed the stock market by returning +8.0%, while SPY returned +2.4%.

GILT support price is $5.47 and resistance is $5.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GILT stock will trade within this expected range on the day.