Satellogic (NASDAQ:SATL) Shares Up 9.1% – What’s Next?

Satellogic Inc. (NASDAQ:SATL)’s share price was up 9.1% during trading on Friday . The company traded as high as $5.78 and last traded at $5.78. 2,053,730 shares traded hands during trading, a decline of 78% from the average session volume of 9,363,870 shares. The stock had previously closed at $5.30.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SATL shares. Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a research report on Wednesday, May 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research report on Friday, August 7th. Wall Street Zen cut Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Northland Securities set a $11.00 price target on Satellogic in a research note on Thursday, May 28th. Finally, Freedom Capital raised Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.90.

Satellogic Trading Up 7.9%

The business’s 50-day moving average price is $4.90 and its 200 day moving average price is $5.54. The company has a market cap of $879.39 million, a P/E ratio of -6.98 and a beta of 1.31. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.31 and a current ratio of 2.34.

Satellogic (NASDAQ:SATL) last released its quarterly earnings data 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 positive return on equity of 303.84% and a negative net margin of 325.65%.The firm had revenue of $15.92 million for the quarter, compared to analyst estimates of $9.57 million. As a group, analysts expect that Satellogic Inc. will post -0.02 earnings per share for the current year.

Insider Transactions at Satellogic

In other Satellogic news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total value of $97,700,000.00. Following the sale, the director owned 10,000,000 shares in the company, valued at $97,700,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 38.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SATL. Abel Hall LLC bought a new stake in Satellogic in the 4th quarter valued at $25,000. StoneX Group Inc. acquired a new stake in Satellogic during the 4th quarter valued at $25,000. Neuberger Berman Group LLC bought a new position in Satellogic during the fourth quarter worth $25,000. Legal & General Group Plc bought a new position in Satellogic during the second quarter worth $27,000. Finally, ProShare Advisors LLC increased its holdings in shares of Satellogic by 30.2% in the fourth quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after purchasing an additional 3,561 shares during the last quarter. 17.58% of the stock is owned by institutional investors and hedge funds.

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.