Satellogic (NASDAQ:SATL) Shares Gap Up – Should You Buy?

Satellogic Inc. (NASDAQ:SATL)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.64, but opened at $4.88. Satellogic shares last traded at $4.9250, with a volume of 603,927 shares changing hands.

Analysts Set New Price Targets

SATL has been the topic of a number of analyst reports. Freedom Capital raised Satellogic from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Citigroup reissued an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Zacks Research lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a research note on Friday, August 7th. Finally, Northland Securities set a $11.00 price target on shares of Satellogic in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.90.

Satellogic Stock Performance

The company has a market cap of $780.85 million, a price-to-earnings ratio of -6.13 and a beta of 1.36. The stock’s fifty day simple moving average is $4.74 and its two-hundred day simple moving average is $5.68. 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) 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 analyst estimates of $9.57 million. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. Equities research analysts anticipate that Satellogic Inc. will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Satellogic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new stake in Satellogic during the fourth quarter worth about $16,830,000. Weiss Asset Management LP acquired a new position in shares of Satellogic in the 4th quarter valued at about $4,053,000. Cantor Fitzgerald L. P. lifted its stake in shares of Satellogic by 16.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock valued at $25,022,000 after purchasing an additional 1,863,696 shares in the last quarter. Tema ETFs LLC purchased a new stake in shares of Satellogic during the 2nd quarter worth about $8,640,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Satellogic during the 1st quarter worth about $6,463,000. 17.58% of the stock is currently 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.