Satellogic (NASDAQ:SATL) Hits New 1-Year High – Still a Buy?

Satellogic Inc. (NASDAQ:SATL)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $8.48 and last traded at $8.5490, with a volume of 6101020 shares changing hands. The stock had previously closed at $7.57.

Analyst Upgrades and Downgrades

SATL has been the topic of several research reports. Loop Capital set a $4.50 price objective on Satellogic in a research report on Wednesday, March 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research report on Thursday, January 22nd. Northland Securities set a $9.00 price objective on Satellogic in a research report on Wednesday. Roth Mkm initiated coverage on Satellogic in a research report on Friday, May 8th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Cantor Fitzgerald raised their price objective on Satellogic from $7.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Satellogic has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Satellogic Stock Performance

The firm has a market capitalization of $1.16 billion, a PE ratio of -10.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.12 and a quick ratio of 5.02. The stock has a 50-day moving average price of $5.62 and a 200-day moving average price of $3.64.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 104.73%. The business had revenue of $6.11 million for the quarter. On average, research analysts expect that Satellogic Inc. will post -0.16 EPS for the current fiscal year.

Insider Transactions at Satellogic

In other Satellogic news, insider Fitzgerald L. P. Cantor sold 500,000 shares of Satellogic stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the sale, the insider directly owned 12,356,500 shares in the company, valued at $61,906,065. The trade was a 3.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 51.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Satellogic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in Satellogic during the 2nd quarter worth approximately $27,000. Farther Finance Advisors LLC purchased a new stake in Satellogic during the 3rd quarter worth approximately $26,000. LMR Partners LLP purchased a new stake in Satellogic during the 2nd quarter worth approximately $30,000. Squarepoint Ops LLC purchased a new stake in Satellogic during the 3rd quarter worth approximately $33,000. Finally, Krilogy Financial LLC purchased a new stake in Satellogic during the 1st quarter worth approximately $60,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

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.