Satellogic (NASDAQ:SATL) Stock Falls 6.3% - Should You Sell?

Key Points

• Satellogic shares fell 6.3% to about $4.83, with trading volume roughly 95% below the average session volume.
• Analyst opinions are mixed, but the stock carries a consensus “Moderate Buy” rating and an average price target of $8.90, well above its recent trading level.
• The company exceeded revenue expectations with $15.92 million for the quarter but missed EPS estimates, reporting a loss of $0.13 per share; it continues to operate with a deeply negative net margin.

Satellogic Inc. (NASDAQ:SATL - Get Free Report)'s stock price fell 6.3% during trading on Monday. The company traded as low as $4.89 and last traded at $4.8250. Approximately 415,824 shares were traded during trading, a decline of 95% from the average session volume of 8,561,381 shares. The stock had previously closed at $5.15.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Freedom Capital upgraded Satellogic from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 29th. Weiss Ratings reissued a "sell (d-)" rating on shares of Satellogic in a research report on Friday, August 7th. Wall Street Zen cut Satellogic from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Zacks Research cut Satellogic from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Satellogic in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $8.90.

Satellogic Stock Down 8.8%

The company has a debt-to-equity ratio of 2.65, a current ratio of 2.34 and a quick ratio of 2.31. The stock's fifty day simple moving average is $5.27 and its 200-day simple moving average is $6.04. The stock has a market cap of $721.81 million, a P/E ratio of -5.73 and a beta of 1.37.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SATL. Tidal Investments LLC acquired a new stake in shares of Satellogic in the 2nd quarter worth about $11,613,000. Tema ETFs LLC acquired a new position in Satellogic during the 2nd quarter valued at about $8,640,000. Renaissance Technologies LLC acquired a new position in Satellogic during the 1st quarter valued at about $6,463,000. Royal Bank of Canada grew its position in Satellogic by 4,052.9% in the 1st quarter. Royal Bank of Canada now owns 417,033 shares of the company's stock worth $2,269,000 after purchasing an additional 406,991 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Satellogic in the 1st quarter worth about $1,607,000. 17.58% of the stock is currently owned by institutional investors.

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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