Satellogic Inc. (NASDAQ:SATL) Receives Average Rating of “Moderate Buy” from Brokerages

Satellogic Inc. (NASDAQ:SATL) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.90.

A number of equities analysts have weighed in on SATL shares. Freedom Capital raised shares of Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Wall Street Zen lowered Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Citigroup reiterated an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a report on Friday, August 7th. Finally, Roth Capital restated a “buy” rating on shares of Satellogic in a research note on Thursday, August 6th.

Institutional Trading of Satellogic

Several institutional investors have recently added to or reduced their stakes in SATL. Geode Capital Management LLC raised its stake in shares of Satellogic by 1,671.4% in the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock valued at $3,166,000 after purchasing an additional 825,121 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Satellogic in the second quarter worth about $118,000. Legal & General Group Plc acquired a new position in Satellogic in the second quarter worth about $27,000. Rhumbline Advisers bought a new stake in Satellogic in the second quarter valued at about $351,000. Finally, New York State Common Retirement Fund bought a new stake in Satellogic in the second quarter valued at about $97,000. 17.58% of the stock is owned by institutional investors and hedge funds.

Satellogic Trading Up 15.3%

SATL opened at $5.35 on Wednesday. The firm has a market capitalization of $822.51 million, a P/E ratio of -6.52 and a beta of 1.36. The firm’s 50 day moving average is $4.73 and its 200-day moving average is $5.69. Satellogic has a 52-week low of $1.25 and a 52-week high of $12.00. The company has a quick ratio of 2.31, a current ratio of 2.34 and a debt-to-equity ratio of 2.65.

Satellogic (NASDAQ:SATL) last announced its earnings results on Thursday, August 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.10). Satellogic had a negative net margin of 325.65% and a positive return on equity of 303.84%. The firm had revenue of $15.92 million during the quarter, compared to analysts’ expectations of $9.57 million. Analysts expect that Satellogic will post -0.02 EPS for the current fiscal year.

About Satellogic

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.