Satellogic (NASDAQ:SATL) Stock Price Down 3.1% - What's Next?

Key Points

• Satellogic shares fell 3.1% to about $3.78 in mid-day trading, with volume down 85% from its average. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is broadly positive but mixed, with a consensus rating of “Moderate Buy” and an average price target of $8.90; ratings range from Strong Buy to Sell.
• The company beat revenue expectations with $15.92 million for the quarter but missed on earnings, reporting an EPS loss of $0.13 versus the expected $0.03 loss. Satellogic continues to operate with a negative net margin and analysts expect a full-year loss.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) traded down 3.1% during mid-day trading on Tuesday. The company traded as low as $3.62 and last traded at $3.7780. Approximately 1,232,190 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 8,445,991 shares. The stock had previously closed at $3.90.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SATL shares. Zacks Research cut Satellogic from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Roth Capital reissued a "buy" rating on shares of Satellogic in a research report on Thursday, August 6th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Satellogic in a report on Monday, September 21st. Weiss Ratings restated a "sell (d-)" rating on shares of Satellogic in a research note on Friday, August 7th. Finally, Freedom Capital upgraded Satellogic from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.90.

Satellogic Stock Performance

The company has a market cap of $574.07 million, a P/E ratio of -4.52 and a beta of 1.37. 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 50-day moving average price is $5.19 and its 200-day moving average price is $5.97.

Satellogic (NASDAQ:SATL - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.13) earnings per share (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 company had revenue of $15.92 million for the quarter, compared to analyst estimates of $9.57 million. Equities analysts anticipate that Satellogic Inc. will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Satellogic by 69.4% in the 2nd quarter. Allworth Financial LP now owns 6,214 shares of the company's stock worth $36,000 after buying an additional 2,545 shares during the last quarter. Veracity Capital LLC increased its stake in shares of Satellogic by 4.7% in the 3rd quarter. Veracity Capital LLC now owns 62,348 shares of the company's stock worth $345,000 after purchasing an additional 2,772 shares in the last quarter. Hidden Cove Wealth Management LLC raised its stake in Satellogic by 21.6% during the 3rd quarter. Hidden Cove Wealth Management LLC now owns 38,545 shares of the company's stock worth $213,000 after acquiring an additional 6,843 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Satellogic in the second quarter worth $46,000. Finally, Krilogy Financial LLC bought a new position in shares of Satellogic during the 1st quarter valued at approximately $60,000. Institutional investors own 17.58% of the company's stock.

About Satellogic

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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