5 Worst Performing Tech Stocks in 2023

2. Satixfy Communications Ltd. (NYSE:SATX)

Year To Date Losses As Of August 6, 2023: 95.40%

Satixfy Communications Ltd. (NYSE:SATX) is a satellite communications products provider which sells equipment such as radios, antennas, and terminals. The stock tanked in January 2023, and turmoil is evident from the fact that the firm has changed its CEO twice this year so far.

During March 2023, four out of the 943 hedge funds part of Insider Monkey’s database had bought and owned Satixfy Communications Ltd. (NYSE:SATX)’s shares.

Follow Satixfy Communications Ltd.