Satellogic (NASDAQ:SATL) Shares Down 6% - What's Next?

Key Points

• Satellogic shares fell 6% to about $5.03 in Wednesday trading, with volume substantially below the stock’s average session volume.
• Analyst opinions remain mixed, but the overall consensus is “Moderate Buy” with an $8.90 price target; recent actions included downgrades from Zacks Research and Wall Street Zen, alongside a reaffirmed Buy rating from Roth Capital.
• The company’s latest quarter included a wider-than-expected loss of $0.13 per share, although revenue of $15.92 million exceeded estimates of $9.57 million. Institutional investors own approximately 17.6% of Satellogic’s shares.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) shares traded down 6% during trading on Wednesday . The company traded as low as $5.05 and last traded at $5.03. 750,863 shares changed hands during trading, a decline of 92% from the average session volume of 8,972,821 shares. The stock had previously closed at $5.35.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SATL. Zacks Research downgraded shares of Satellogic from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Satellogic in a research note on Friday, August 7th. Roth Capital reaffirmed a "buy" rating on shares of Satellogic in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Satellogic from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Finally, Northland Securities set a $11.00 price target on shares of Satellogic in a research note on Thursday, May 28th. One 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.90.

Satellogic Stock Down 5.3%

The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.31 and a current ratio of 2.34. The firm has a market capitalization of $778.69 million, a P/E ratio of -6.18 and a beta of 1.36. The stock has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $5.69.

Satellogic (NASDAQ:SATL - Get Free Report) last released 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 business had revenue of $15.92 million during the quarter, compared to analyst estimates of $9.57 million. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. Research analysts forecast that Satellogic Inc. will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Satellogic

A number of institutional investors have recently modified their holdings of the business. Alyeska Investment Group L.P. bought a new position in Satellogic in the fourth quarter worth about $16,830,000. Weiss Asset Management LP bought a new position in shares of Satellogic during the fourth quarter valued at approximately $4,053,000. Cantor Fitzgerald L. P. raised its position in shares of Satellogic by 16.2% during the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company's stock worth $25,022,000 after purchasing an additional 1,863,696 shares during the period. Tema ETFs LLC acquired a new stake in shares of Satellogic during the 2nd quarter worth approximately $8,640,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Satellogic in the 1st quarter worth approximately $6,463,000. 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.

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