Satellogic (NASDAQ:SATL) Posts Quarterly Earnings Results

Satellogic (NASDAQ:SATL) posted its earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16, FiscalAI reports. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. The firm had revenue of $16.04 million for the quarter, compared to the consensus estimate of $12.44 million.

Satellogic Price Performance

Shares of SATL traded down $0.06 during mid-day trading on Tuesday, reaching $3.90. 5,317,737 shares of the stock traded hands, compared to its average volume of 8,170,367. The company has a market cap of $599.59 million, a price-to-earnings ratio of -4.76 and a beta of 1.49. Satellogic has a 1 year low of $1.25 and a 1 year high of $12.00. The firm has a fifty day moving average price of $4.62 and a 200 day moving average price of $5.27. The company has a current ratio of 2.34, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SATL shares. Zacks Research cut Satellogic from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a report on Wednesday, November 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of Satellogic in a report on Monday, September 21st. Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.90.

About Satellogic

Satellogic Inc. is a geospatial intelligence company that designs, manufactures and operates a constellation of Earth observation satellites. Its satellites collect high-resolution, multispectral imagery intended to help customers monitor changes on the planet’s surface, including activity related to agriculture, infrastructure, natural resources, climate and national security. The company provides access to satellite imagery, analytics and related data products through its platform. Satellogic also offers satellite-as-a-service and sovereign constellation solutions, allowing government and commercial customers to obtain dedicated Earth observation capabilities and build applications based on frequently updated geospatial data.