Satellogic (NASDAQ:SATL) Shares Down 5.7% - Should You Sell?

Key Points

• Satellogic shares fell 5.7% to $5.705 during Tuesday trading, with volume down 80% from the stock’s average daily volume.
• Analyst sentiment remains mixed, but the consensus rating is “Moderate Buy” with a $8.90 price target, well above the latest share price.
• The company exceeded revenue expectations with $15.92 million for the quarter, but posted an adjusted loss of $0.13 per share versus the expected $0.03 loss; institutional investors own 17.58% of the stock.

Satellogic Inc. (NASDAQ:SATL - Get Free Report)'s share price fell 5.7% during trading on Tuesday. The company traded as low as $5.82 and last traded at $5.7050. 1,761,367 shares changed hands during trading, a decline of 80% from the average daily volume of 8,734,045 shares. The stock had previously closed at $6.05.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Zacks Research cut shares of Satellogic from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Wall Street Zen lowered shares of Satellogic from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Satellogic in a research note on Friday, August 7th. Roth Capital reiterated a "buy" rating on shares of Satellogic in a research report on Thursday, August 6th. Finally, Freedom Capital raised shares of Satellogic from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Satellogic currently has an average rating of "Moderate Buy" and a consensus price target of $8.90.

Satellogic Stock Performance

The company has a current ratio of 2.34, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65. The company's 50 day moving average is $4.95 and its 200-day moving average is $5.91. The company has a market capitalization of $869.09 million, a P/E ratio of -6.90 and a beta of 1.36.

Satellogic (NASDAQ:SATL - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%.The business had revenue of $15.92 million for the quarter, compared to the consensus estimate of $9.57 million. Equities analysts anticipate that Satellogic Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Satellogic

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in Satellogic by 69.4% during the 2nd quarter. Allworth Financial LP now owns 6,214 shares of the company's stock valued at $36,000 after purchasing an additional 2,545 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Satellogic during the second quarter valued at approximately $46,000. Krilogy Financial LLC purchased a new position in Satellogic in the 1st quarter worth approximately $60,000. Commonwealth Financial Services LLC purchased a new position in Satellogic in the 1st quarter worth approximately $82,000. Finally, ProShare Advisors LLC boosted its stake 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 last quarter. 17.58% of the stock is owned by institutional investors.

Satellogic Company Profile

Satellogic Inc NASDAQ: SATL is a geospatial intelligence company that designs, builds and operates a constellation of Earth-observation satellites. The company collects high-resolution multispectral imagery and other remote-sensing data intended to help customers monitor changes on the ground and make more informed decisions.

Satellogic provides satellite imagery, tasking and data-access services through its platform, which is designed to support frequent observation of locations worldwide.

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