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

Satellogic Inc. (NASDAQ:SATL)’s share price reached a new 52-week high on Friday . The company traded as high as $5.22 and last traded at $5.1520, with a volume of 11762338 shares trading hands. The stock had previously closed at $4.56.

Analyst Ratings Changes

Several brokerages have commented on SATL. Craig Hallum initiated coverage on shares of Satellogic in a research note on Wednesday. They issued a “buy” rating and a $5.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.00.

Satellogic Trading Up 10.9%

The stock has a market cap of $684.79 million, a price-to-earnings ratio of -20.98 and a beta of 1.36. The stock’s 50 day moving average is $2.20 and its two-hundred day moving average is $2.85.

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

Hedge Funds Weigh In On Satellogic

A number of hedge funds and other institutional investors have recently bought and sold shares of SATL. Vanguard Group Inc. lifted its stake in shares of Satellogic by 44.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company’s stock worth $10,700,000 after acquiring an additional 1,002,400 shares during the period. Geode Capital Management LLC raised its holdings in Satellogic by 1,671.4% during the second quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock worth $3,166,000 after purchasing an additional 825,121 shares in the last quarter. Halter Ferguson Financial Inc. acquired a new stake in Satellogic in the third quarter valued at about $1,276,000. Penserra Capital Management LLC boosted its holdings in Satellogic by 8.7% in the 3rd quarter. Penserra Capital Management LLC now owns 114,184 shares of the company’s stock valued at $374,000 after purchasing an additional 9,111 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in Satellogic in the 2nd quarter valued at approximately $351,000. 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.