Here's Why Gilat Satellite (GILT) is a Great Momentum Stock to Buy

Company Overview - Gilat Satellite (GILT) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4][12] - The company operates in the satellite broadband communications sector [4] Price Performance - GILT shares have increased by 11.5% over the past week, while the Zacks Satellite and Communication industry has decreased by 7.44% during the same period [6] - Over the past month, GILT's price change is 6.83%, outperforming the industry's 1.53% [6] - In the last quarter, GILT shares rose by 20.69%, and over the past year, they increased by 24.36%, compared to the S&P 500's performance of -0.17% and 18.49%, respectively [7] Trading Volume - GILT's average 20-day trading volume is 524,052 shares, which serves as a price-to-volume baseline [8] Earnings Estimates - In the past two months, one earnings estimate for GILT has moved higher, while none have moved lower, increasing the consensus estimate from $0.47 to$0.50 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10]