Satellogic (NASDAQ:SATL) Sets New 12-Month High – Here’s What Happened

Satellogic Inc. (NASDAQ:SATL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.64 and last traded at $6.4430, with a volume of 10338108 shares changing hands. The stock had previously closed at $5.38.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Loop Capital set a $4.50 price objective on Satellogic in a research note on Wednesday, March 11th. Wall Street Zen upgraded Satellogic from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded Satellogic to a “hold” rating in a report on Thursday, February 19th. Cantor Fitzgerald set a $7.00 price target on Satellogic in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Satellogic currently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Satellogic Stock Performance

The firm has a market capitalization of $851.70 million, a price-to-earnings ratio of -25.15 and a beta of 1.45. 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 stock’s fifty day moving average is $3.61 and its two-hundred day moving average is $2.87.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.23. The firm had revenue of $6.25 million for the quarter, compared to analyst estimates of $3.83 million. Satellogic had a negative net margin of 27.01% and a negative return on equity of 34.92%.

Insider Activity at Satellogic

In related news, major shareholder Fitzgerald L. P. Cantor sold 388,827 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $5.63, for a total value of $2,189,096.01. Following the transaction, the insider owned 12,862,075 shares in the company, valued at approximately $72,413,482.25. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 524,373 shares of company stock valued at $2,942,676 in the last 90 days. Insiders own 51.62% of the company’s stock.

Institutional Investors Weigh In On Satellogic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new position in shares of Satellogic in the 2nd quarter valued at approximately $25,000. Abel Hall LLC acquired a new stake in shares of Satellogic during the fourth quarter worth approximately $25,000. StoneX Group Inc. acquired a new stake in shares of Satellogic during the fourth quarter worth approximately $25,000. Neuberger Berman Group LLC bought a new stake in shares of Satellogic in the fourth quarter worth $25,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Satellogic in the third quarter worth $26,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

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.