Satellogic (NASDAQ:SATL) Shares Up 14.5% – Should You Buy?

Shares of Satellogic Inc. (NASDAQ:SATL) were up 14.5% on Tuesday . The stock traded as high as $4.46 and last traded at $4.5220. 3,826,992 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 9,590,580 shares. The stock had previously closed at $3.95.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SATL. Wall Street Zen lowered shares of Satellogic from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Freedom Capital upgraded shares of Satellogic from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings raised shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Northland Securities set a $11.00 target price on Satellogic in a research note on Thursday, May 28th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Satellogic in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $8.90.

Satellogic Trading Up 4.5%

The firm has a market cap of $746.39 million, a P/E ratio of -6.78 and a beta of 1.31. The business’s 50 day moving average is $5.42 and its 200-day moving average is $5.46. The company has a quick ratio of 2.41, a current ratio of 2.44 and a debt-to-equity ratio of 0.93.

Satellogic (NASDAQ:SATL) last posted 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 company had revenue of $15.92 million for the quarter, compared to the consensus estimate of $9.57 million. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. As a group, analysts forecast that Satellogic Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Satellogic

In related news, CTO Alan Kharsansky sold 87,091 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total transaction of $727,209.85. Following the sale, the chief technology officer directly owned 47,785 shares of the company’s stock, valued at approximately $399,004.75. This represents a 64.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of Satellogic stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the completion of the transaction, the director directly owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 38.84% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Abel Hall LLC acquired a new stake in Satellogic during the fourth quarter worth about $25,000. StoneX Group Inc. acquired a new stake in shares of Satellogic during the 4th quarter worth approximately $25,000. Neuberger Berman Group LLC bought a new stake in shares of Satellogic in the 4th quarter worth approximately $25,000. Legal & General Group Plc bought a new stake in shares of Satellogic in the 2nd quarter worth approximately $27,000. Finally, ProShare Advisors LLC boosted its position in Satellogic by 30.2% during the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after purchasing an additional 3,561 shares during the period. 17.58% of the stock is owned by institutional investors and hedge funds.

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.