Satellogic (NASDAQ:SATL) Shares Up 10.1% – Should You Buy?

Satellogic Inc. (NASDAQ:SATL)’s stock price traded up 10.1% during mid-day trading on Friday . The stock traded as high as $7.53 and last traded at $7.2870. 1,868,021 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 10,437,622 shares. The stock had previously closed at $6.62.

Analysts Set New Price Targets

Several research firms have weighed in on SATL. Freedom Capital lowered Satellogic from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Roth Mkm began coverage on Satellogic in a report on Friday. They issued a “buy” rating and a $10.00 price target for the company. Wall Street Zen upgraded Satellogic from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Cantor Fitzgerald set a $7.00 target price on Satellogic in a report on Friday, February 20th. Finally, Northland Securities began coverage on Satellogic in a research note on Wednesday, February 18th. They set an “outperform” rating and a $5.50 price objective for the company. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.40.

Satellogic Stock Up 8.8%

The company has a debt-to-equity ratio of 0.93, a quick ratio of 5.02 and a current ratio of 5.12. The firm has a market capitalization of $1.03 billion, a P/E ratio of -28.80 and a beta of 1.06. The stock has a fifty day moving average price of $5.33 and a two-hundred day moving average price of $3.52.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.23. Satellogic had a negative return on equity of 34.92% and a negative net margin of 27.01%.The business had revenue of $6.25 million during the quarter, compared to the consensus estimate of $3.83 million. Research analysts forecast that Satellogic Inc. will post -0.17 EPS for the current year.

Insider Transactions at Satellogic

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the completion of the transaction, the insider owned 12,356,500 shares in the company, valued at $61,906,065. The trade was a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 51.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SATL. Abel Hall LLC acquired a new position in Satellogic during the 4th quarter valued at approximately $25,000. StoneX Group Inc. bought a new stake in shares of Satellogic in the 4th quarter worth $25,000. Neuberger Berman Group LLC bought a new stake in shares of Satellogic in the 4th quarter worth $25,000. Farther Finance Advisors LLC bought a new stake in shares of Satellogic in the 3rd quarter worth $26,000. Finally, Legal & General Group Plc bought a new stake in shares of Satellogic in the 2nd quarter worth $27,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

Satellogic Company Profile

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low?Earth?orbit (LEO) microsatellite constellation. The company’s satellites capture high?resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end?to?end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.