We recently compiled a list of the Why These 15 Tech Stocks Are up the Most So Far in 2025. In this article, we are going to take a look at where Satixfy Communications Ltd. (NYSEAMERICAN:SATX) stands against the other tech stocks.
Most tech stocks haven’t been doing well so far this year, but this isn’t a problem that all tech stocks face. The technology sector is broad, and there are always some stocks that still do well regardless of the broader market environment.
Many of these companies are leading the way in artificial intelligence, cloud computing, and cybersecurity. Their ability to adapt and launch new solutions has set them apart from the pack. For example, firms that reported robust growth in large customer contracts or unveiled breakthrough AI tools have seen their shares surge, even as industry giants have struggled with market volatility.
It’s worth looking into these winners if you’re looking for opportunities in this market.
Methodology
For this article, I screened the best-performing tech stocks year-to-date.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close up of a satellite in space, showing the advanced technology of communications systems.
Satixfy Communications Ltd. (NYSEAMERICAN:SATX)
Number of Hedge Fund Holders In Q4 2024: 2
Satixfy Communications Ltd. (NYSEAMERICAN:SATX) is a leader in next-generation satellite communication systems based on in-house-developed chipsets.
The stock is up significantly so far in 2025 due to the announcement that MDA Space will acquire all outstanding shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) in an all-cash transaction for $2.10 per share. This implies an equity value of approximately $193 million and came on the same day SatixFy announced strong full-year 2024 results showing 92% growth in revenue year-over-year to $20.6 million. The acquisition news caused SatixFy’s stock to surge by 65.83% in a single trading day.
Before the acquisition announcement, SatixFy had already been gaining momentum through significant business developments. The company secured approximately $2.3 million from the UK Space Agency for software development for digital satellite payloads. SatixFy also signed a milestone $39 million contract with Telesat to develop Landing Station Baseband Units for Telesat’s Lightspeed Network and secured over $10 million in new agreements with MDA Space for engineering models and space-grade chips.
The acquisition by MDA Space will bring to MDA a differentiated technology portfolio, including more than 60 patents issued and pending. It also includes Satixfy Communications Ltd. (NYSEAMERICAN:SATX)’s talented technical employee base of approximately 165 people globally who specialize in satellite communication technology.
The consensus price target of $2.25 implies 11.9% upside.
SATX stock is up 31.37% year-to-date.
Overall SATX ranks 13th on our list of the tech stocks that are up the most so far in 2025. While we acknowledge the potential of SATX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SATX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
