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 December 11, 2024, GILT stock price declined to $6.13 with 257,985 million shares trading.

GILT has a beta of 0.61, meaning it tends to be less sensitive to market movements. GILT has a correlation of 0.04 to the broad based SPY ETF.

GILT has a market cap of $349.51 million. This is considered a Small Cap stock.

Last quarter Gilat Satellite Networks Ltd. - reported $75 million in Revenue and $.14 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.09.

In the last 3 years, GILT traded as high as $9.11 and as low as $4.04.

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

GILT has underperformed the market in the last year with a return of -7.5%, while SPY returned +33.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GILT shares. However, GILT has outperformed the market in the last 3 month and 2 week periods, returning +40.3% and +13.1%, while SPY returned +11.0% and +1.1%, respectively. This indicates GILT has been having a stronger performance recently.

GILT support price is $5.97 and resistance is $6.31 (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 shares will trade within this expected range on the day.