Satellogic (NASDAQ:SATL) Hits New 1-Year High – Still a Buy?

Shares of Satellogic Inc. (NASDAQ:SATL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $5.22 and last traded at $5.1520, with a volume of 11762338 shares traded. The stock had previously closed at $4.56.

Analysts Set New Price Targets

SATL has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a research note on Wednesday, October 8th. Craig Hallum started coverage on shares of Satellogic in a research report on Wednesday. They set a “buy” rating and a $5.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Satellogic Stock Performance

The company has a 50-day moving average of $2.20 and a 200-day moving average of $2.85. The stock has a market capitalization of $684.79 million, a price-to-earnings ratio of -20.98 and a beta of 1.36.

Satellogic (NASDAQ:SATL) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $3.63 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Thompson Davis & CO. Inc. acquired a new stake in shares of Satellogic in the fourth quarter worth approximately $41,000. SG Americas Securities LLC purchased a new position in Satellogic during the fourth quarter worth approximately $46,000. Bank of America Corp DE raised its stake in Satellogic by 84.1% during the third quarter. Bank of America Corp DE now owns 44,997 shares of the company’s stock worth $148,000 after purchasing an additional 20,552 shares during the period. Creative Planning acquired a new position in shares of Satellogic in the 3rd quarter valued at $161,000. Finally, Virtu Financial LLC purchased a new stake in shares of Satellogic during the 3rd quarter valued at $36,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

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.