Satellogic (NASDAQ:SATL) Shares Up 6.1% – What’s Next?

Satellogic Inc. (NASDAQ:SATL)’s share price was up 6.1% on Tuesday . The stock traded as high as $5.01 and last traded at $5.1470. Approximately 1,461,599 shares changed hands during trading, a decline of 84% from the average session volume of 8,867,500 shares. The stock had previously closed at $4.85.

Analyst Upgrades and Downgrades

SATL has been the subject of a number of analyst reports. Northland Securities set a $11.00 price target on Satellogic in a research report on Thursday, May 28th. Roth Capital restated a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. Freedom Capital raised Satellogic from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Zacks Research lowered Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.90.

Satellogic Price Performance

The company has a fifty day moving average of $4.69 and a 200-day moving average of $5.76. The company has a current ratio of 2.34, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65. The stock has a market cap of $831.12 million, a PE ratio of -6.66 and a beta of 1.36.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SATL. Allworth Financial LP increased its holdings in Satellogic by 69.4% during the 2nd quarter. Allworth Financial LP now owns 6,214 shares of the company’s stock worth $36,000 after purchasing an additional 2,545 shares during the period. ProShare Advisors LLC boosted its stake in shares of Satellogic by 30.2% in the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after buying an additional 3,561 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Satellogic in the 2nd quarter valued at about $46,000. Krilogy Financial LLC acquired a new position in shares of Satellogic during the first quarter worth about $60,000. Finally, Commonwealth Financial Services LLC acquired a new position in shares of Satellogic during the first quarter worth about $82,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

Satellogic Company Profile

Satellogic Inc (NASDAQ:SATL) is a geospatial intelligence company that designs, builds and operates a constellation of Earth-observation satellites. The company collects high-resolution multispectral imagery and other remote-sensing data intended to help customers monitor changes on the ground and make more informed decisions.

Satellogic provides satellite imagery, tasking and data-access services through its platform, which is designed to support frequent observation of locations worldwide.