Satellogic (NASDAQ:SATL) Trading Down 7.7% - What's Next?

Key Points

• Satellogic shares fell 7.7% to $5.088 in Friday trading, with volume down 84% from the average session.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus rating and an $8.90 average price target, despite recent downgrades and target-price cuts.
• The company exceeded quarterly revenue expectations with $15.92 million versus $9.57 million expected, but missed EPS estimates, reporting a loss of $0.13 per share versus the anticipated $0.03 loss.

Satellogic Inc. (NASDAQ:SATL - Get Free Report)'s share price was down 7.7% on Friday . The company traded as low as $5.03 and last traded at $5.0880. 1,401,543 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 8,798,070 shares. The stock had previously closed at $5.51.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Satellogic from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Wall Street Zen lowered Satellogic from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Cantor Fitzgerald reduced their target price on shares of Satellogic from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Northland Securities set a $11.00 price objective on shares of Satellogic in a research report on Thursday, May 28th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Satellogic in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $8.90.

Satellogic Stock Performance

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 business has a 50 day moving average price of $4.71 and a 200 day moving average price of $5.78. The stock has a market capitalization of $772.54 million, a PE ratio of -6.12 and a beta of 1.36.

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 analysts' consensus estimates of ($0.03) by ($0.10). The firm had revenue of $15.92 million during the quarter, compared to the consensus estimate of $9.57 million. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. As a group, equities research analysts expect that Satellogic Inc. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Satellogic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SATL. Tidal Investments LLC purchased a new stake in shares of Satellogic in the 2nd quarter worth approximately $11,613,000. Integrated Wealth Concepts LLC bought a new position in shares of Satellogic during the 2nd quarter worth approximately $46,000. Allworth Financial LP grew its holdings in Satellogic by 69.4% in the second quarter. Allworth Financial LP now owns 6,214 shares of the company's stock worth $36,000 after purchasing an additional 2,545 shares during the last quarter. Arizona State Retirement System acquired a new position in shares of Satellogic during the second quarter worth $131,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Satellogic in the 2nd quarter worth $124,000. Institutional investors own 17.58% of the company's stock.

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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