Satellogic (NASDAQ:SATL) Shares Down 6% - Should You Sell?

Key Points

• Satellogic shares fell 6% to approximately $5.39, with trading volume far below its average; the stock’s market capitalization is about $809 million.
• Analyst sentiment remains mixed but leans positive: MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $8.90, despite ratings ranging from Strong Buy to Sell.
• The company exceeded revenue expectations with quarterly revenue of $15.92 million but missed on earnings, reporting a loss of $0.13 per share versus the expected $0.03 loss; its net margin remained deeply negative at 325.65%.

Satellogic Inc. (NASDAQ:SATL - Get Free Report)'s stock price fell 6% on Monday. The stock traded as low as $5.24 and last traded at $5.3870. 1,045,675 shares were traded during trading, a decline of 88% from the average daily volume of 8,663,817 shares. The stock had previously closed at $5.73.

Analyst Ratings Changes

Several equities research analysts have recently commented on SATL shares. Freedom Capital raised Satellogic from a "hold" rating to a "strong-buy" rating in a report on Monday, June 29th. Roth Capital restated a "buy" rating on shares of Satellogic in a report on Thursday, August 6th. Wall Street Zen lowered shares of Satellogic from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Satellogic in a research note on Monday, September 21st. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Satellogic in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $8.90.

Satellogic Price 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 has a market capitalization of $809.44 million, a P/E ratio of -6.38 and a beta of 1.37. The company has a 50 day moving average price of $5.10 and a 200 day moving average price of $5.98.

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

Institutional Trading of Satellogic

Hedge funds have recently modified their holdings of the stock. Tidal Investments LLC bought a new stake in shares of Satellogic during the 2nd quarter worth about $11,613,000. Integrated Wealth Concepts LLC bought a new position in Satellogic in the 2nd quarter valued at about $46,000. Allworth Financial LP raised its holdings in Satellogic by 69.4% in the 2nd quarter. Allworth Financial LP now owns 6,214 shares of the company's stock valued at $36,000 after acquiring an additional 2,545 shares during the period. Arizona State Retirement System acquired a new stake in Satellogic during the second quarter worth approximately $131,000. Finally, Corient Private Wealth LP acquired a new stake in Satellogic during the second quarter worth approximately $124,000. Institutional investors and hedge funds own 17.58% of the company's stock.

Satellogic Company Profile

Satellogic Inc NASDAQ: SATL is a geospatial intelligence company that operates a constellation of satellites designed to capture high-resolution imagery of Earth. Its satellites collect multispectral data that can be used to monitor changes in agriculture, infrastructure, natural resources, climate conditions and other areas of interest.

The company provides satellite imagery, tasking services and geospatial data products to government and commercial customers. Its platform is intended to support applications including defense and security, environmental monitoring, mapping, agriculture, energy and infrastructure management.

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