Satellogic (NASDAQ:SATL) Stock Price Up 5.7% – Still a Buy?

Satellogic Inc. (NASDAQ:SATL)’s stock price was up 5.7% on Friday . The stock traded as high as $9.55 and last traded at $9.1310. Approximately 3,254,323 shares changed hands during trading, a decline of 69% from the average daily volume of 10,479,072 shares. The stock had previously closed at $8.64.

Analyst Ratings Changes

SATL has been the topic of several research analyst reports. Northland Securities set a $9.00 price objective on Satellogic in a research report on Wednesday. Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Loop Capital set a $4.50 price objective on Satellogic in a research report on Wednesday, March 11th. Cantor Fitzgerald upped their price objective on Satellogic from $7.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Zacks Research raised Satellogic to a “hold” rating in a research report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.70.

Satellogic Stock Performance

The business has a 50-day moving average of $5.83 and a two-hundred day moving average of $3.73. The company has a market cap of $1.30 billion, a P/E ratio of -12.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 5.02.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. The company had revenue of $6.11 million for the quarter. On average, sell-side analysts predict that Satellogic Inc. will post -0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 12,356,500 shares of the company’s stock, valued at $61,906,065. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 51.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Satellogic

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in shares of Satellogic during the second quarter worth about $27,000. LMR Partners LLP purchased a new stake in shares of Satellogic during the second quarter worth about $30,000. Squarepoint Ops LLC purchased a new stake in shares of Satellogic during the third quarter worth about $33,000. Krilogy Financial LLC purchased a new stake in shares of Satellogic during the first quarter worth about $60,000. Finally, Virtu Financial LLC purchased a new stake in shares of Satellogic during the third quarter worth about $36,000. Institutional investors 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.