Satellogic (NASDAQ:SATL) Stock Price Up 5.7% – Still a Buy?

Satellogic Inc. (NASDAQ:SATL)’s stock price rose 5.7% during mid-day trading on Friday . The company traded as high as $9.55 and last traded at $9.1310. Approximately 3,254,323 shares were traded during trading, a decline of 69% from the average daily volume of 10,479,072 shares. The stock had previously closed at $8.64.

Wall Street Analyst Weigh In

SATL has been the subject of a number of recent research reports. Northland Securities set a $9.00 price objective on Satellogic in a research note on Wednesday. Loop Capital set a $4.50 price objective on Satellogic in a research note on Wednesday, March 11th. Roth Mkm initiated coverage on Satellogic in a research note on Friday, May 8th. They set a “buy” rating and a $10.00 price objective for the company. Craig Hallum assumed coverage on Satellogic in a research note on Wednesday, January 21st. They set a “buy” rating and a $5.00 price objective for the company. Finally, Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Satellogic Stock Up 5.5%

The firm has a market capitalization of $1.30 billion, a PE ratio of -12.16 and a beta of 1.06. The company has a fifty day moving average price of $5.83 and a 200-day moving average price of $3.73. The company has a debt-to-equity ratio of 0.93, a quick ratio of 5.02 and a current ratio of 2.44.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. The firm had revenue of $6.11 million for the quarter. Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%. As a group, analysts expect that Satellogic Inc. will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the stock in a transaction 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 owned 12,356,500 shares in the company, valued at approximately $61,906,065. This represents a 3.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 51.62% of the company’s stock.

Institutional Trading of Satellogic

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Halter Ferguson Financial Inc. raised its holdings in Satellogic by 116.0% during the 4th quarter. Halter Ferguson Financial Inc. now owns 839,832 shares of the company’s stock valued at $1,570,000 after buying an additional 450,957 shares during the period. SG Americas Securities LLC purchased a new stake in Satellogic during the 4th quarter valued at $46,000. Thompson Davis & CO. Inc. purchased a new stake in Satellogic during the 4th quarter valued at $41,000. GSA Capital Partners LLP purchased a new stake in Satellogic during the 3rd quarter valued at $59,000. Finally, Penserra Capital Management LLC raised its holdings in Satellogic by 8.7% during the 3rd quarter. Penserra Capital Management LLC now owns 114,184 shares of the company’s stock valued at $374,000 after buying an additional 9,111 shares during the period. Hedge funds and other institutional investors own 17.58% of the company’s stock.

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.