Satellogic (NASDAQ:SATL) Trading 14.2% Higher – Should You Buy?

Satellogic Inc. (NASDAQ:SATL)’s share price traded up 14.2% during mid-day trading on Thursday . The company traded as high as $7.57 and last traded at $7.8710. 5,481,161 shares changed hands during trading, a decline of 50% from the average session volume of 10,893,573 shares. The stock had previously closed at $6.89.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Satellogic to a “hold” rating in a research note on Thursday, February 19th. 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, March 21st. Freedom Capital upgraded Satellogic to a “strong-buy” rating in a research note on Wednesday, March 11th. Finally, Cantor Fitzgerald set a $7.00 price objective on Satellogic in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Satellogic Trading Up 1.8%

The business has a 50 day moving average of $4.15 and a two-hundred day moving average of $3.13. The company has a current ratio of 5.12, a quick ratio of 5.02 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.05 billion, a P/E ratio of -29.32 and a beta of 0.99.

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

Insider Buying and Selling

In other Satellogic news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $5.01, for a total value of $2,505,000.00. Following the transaction, the insider directly owned 12,356,500 shares of the company’s stock, valued at $61,906,065. This represents a 3.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 1,024,373 shares of company stock valued at $5,447,676. Corporate insiders own 51.62% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SATL. Geode Capital Management LLC grew its holdings in shares of Satellogic by 1,671.4% during the 2nd 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. JPMorgan Chase & Co. acquired a new stake in shares of Satellogic during the 2nd quarter worth $118,000. Legal & General Group Plc acquired a new stake in shares of Satellogic during the 2nd quarter worth $27,000. Rhumbline Advisers acquired a new stake in shares of Satellogic during the 2nd quarter worth $351,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Satellogic during the 2nd quarter worth $97,000. 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.