Satellogic (NASDAQ:SATLW) Stock Price Up 34.4% – Still a Buy?

Satellogic Inc. (NASDAQ:SATLW)’s stock price traded up 34.4% during mid-day trading on Thursday . The company traded as high as $1.74 and last traded at $1.68. 507,100 shares changed hands during trading, an increase of 412% from the average session volume of 99,033 shares. The stock had previously closed at $1.25.

Satellogic Stock Performance

The firm has a 50-day simple moving average of $0.94 and a 200 day simple moving average of $0.52.

Satellogic Company Profile

Satellogic is a New York–listed geospatial analytics company specializing in the design, manufacture and operation of Earth observation satellites. Leveraging a proprietary high-resolution imaging platform, the company provides frequent revisit imagery and analytics to support applications in agriculture, forestry, infrastructure monitoring, and defense. Satellogic’s vertically integrated approach encompasses satellite development, ground station operations and data processing to deliver actionable insights to commercial and government clients.

Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic has pursued an ambitious plan to build a large constellation of small, cost-effective satellites.