Satellogic (NASDAQ:SATL) Shares Gap Down – What’s Next?

Satellogic Inc. (NASDAQ:SATL) shares gapped down prior to trading on Monday . The stock had previously closed at $5.25, but opened at $5.01. Satellogic shares last traded at $4.3850, with a volume of 4,123,722 shares changing hands.

Wall Street Analyst Weigh In

SATL has been the subject of a number of research analyst reports. Craig Hallum started coverage on Satellogic in a research report on Wednesday, January 21st. They issued a “buy” rating and a $5.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.00.

Satellogic Stock Down 12.5%

The firm has a 50 day moving average price of $2.27 and a 200 day moving average price of $2.86. The stock has a market capitalization of $622.47 million, a PE ratio of -19.02 and a beta of 1.36.

Satellogic (NASDAQ:SATL) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $3.63 million during the quarter.

Institutional Investors Weigh In On Satellogic

Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Satellogic in the 2nd quarter valued at about $25,000. Legal & General Group Plc purchased a new stake in shares of Satellogic during the second quarter valued at approximately $27,000. Farther Finance Advisors LLC bought a new stake in Satellogic during the third quarter worth $26,000. LMR Partners LLP purchased a new position in Satellogic in the second quarter worth $30,000. Finally, Squarepoint Ops LLC bought a new position in Satellogic in the 3rd quarter valued at $33,000. 17.58% of the stock is owned by institutional investors.

About Satellogic

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.