Satellogic (NASDAQ:SATL) Hits New 12-Month High – What’s Next?

Satellogic Inc. (NASDAQ:SATL) shares hit a new 52-week high during mid-day trading on Friday . The stock 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.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SATL. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a report on Thursday. Craig Hallum assumed coverage on shares of Satellogic in a research report on Wednesday. They issued a “buy” rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Satellogic presently has an average rating of “Hold” and a consensus target price of $5.00.

Satellogic Trading Up 15.1%

The stock has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $2.86. The firm has a market cap of $711.22 million, a PE ratio of -21.88 and a beta of 1.36.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SATL. Thompson Davis & CO. Inc. purchased a new stake in Satellogic in the fourth quarter valued at approximately $41,000. SG Americas Securities LLC purchased a new stake in shares of Satellogic during the 4th quarter valued at $46,000. Bank of America Corp DE raised its position in shares of Satellogic by 84.1% during the 3rd quarter. Bank of America Corp DE now owns 44,997 shares of the company’s stock valued at $148,000 after buying an additional 20,552 shares in the last quarter. Creative Planning bought a new stake in shares of Satellogic during the 3rd quarter worth $161,000. Finally, Virtu Financial LLC purchased a new position in Satellogic in the third quarter worth $36,000. Institutional investors own 17.58% of the company’s stock.

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.