Satellogic (NASDAQ:SATL) Shares Up 10.5% - What's Next?

Key Points

• Shares jumped 10.5% intraday to as high as $7.50 (last $7.14) on Friday, though trading volume was well below average at 2.46M vs a 10.63M session average.
• Satellogic beat quarterly expectations with EPS of $0.17 (vs. -$0.06 consensus) and revenue of $6.25M, but the company remains unprofitable with negative margins and a negative PE.
• Analysts hold a consensus “Moderate Buy” with a $5.50 target (below the current price), and insider activity included Cantor Fitzgerald selling 500,000 shares while insiders collectively own 51.62% of the stock.

Satellogic Inc. (NASDAQ:SATL - Get Free Report)'s stock price shot up 10.5% during mid-day trading on Friday . The stock traded as high as $7.50 and last traded at $7.1390. 2,459,818 shares were traded during mid-day trading, a decline of 77% from the average session volume of 10,628,013 shares. The stock had previously closed at $6.46.

Analyst Ratings Changes

Several brokerages have issued reports on SATL. Zacks Research raised Satellogic to a "hold" rating in a research report on Thursday, February 19th. Freedom Capital raised Satellogic to a "strong-buy" rating in a research report on Wednesday, March 11th. Wall Street Zen raised Satellogic from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Weiss Ratings reissued a "sell (d-)" rating on shares of Satellogic in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald set a $7.00 price objective on Satellogic in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Satellogic presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

Satellogic Trading Up 9.6%

The company has a debt-to-equity ratio of 0.93, a quick ratio of 5.02 and a current ratio of 5.12. The stock has a market capitalization of $1.01 billion, a PE ratio of -28.42 and a beta of 0.99. The stock has a 50-day moving average price of $5.12 and a two-hundred day moving average price of $3.45.

Satellogic (NASDAQ:SATL - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.23. Satellogic had a negative return on equity of 34.92% and a negative net margin of 27.01%.The firm had revenue of $6.25 million for the quarter, compared to analysts' expectations of $3.83 million. As a group, equities analysts forecast that Satellogic Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Satellogic

In other news, insider Fitzgerald L. P. Cantor sold 500,000 shares of Satellogic stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the transaction, the insider directly owned 12,356,500 shares of the company's stock, valued at $61,906,065. The trade was a 3.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 51.62% of the stock is currently owned by insiders.

Institutional Trading of Satellogic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. raised its stake in Satellogic by 16.2% during the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company's stock valued at $25,022,000 after purchasing an additional 1,863,696 shares during the period. Alyeska Investment Group L.P. bought a new stake in Satellogic during the 4th quarter valued at approximately $16,830,000. Vanguard Group Inc. raised its stake in Satellogic by 44.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company's stock valued at $10,700,000 after purchasing an additional 1,002,400 shares during the period. Weiss Asset Management LP bought a new stake in Satellogic during the 4th quarter valued at approximately $4,053,000. Finally, Geode Capital Management LLC raised its stake in Satellogic by 34.5% during the 4th quarter. Geode Capital Management LLC now owns 1,807,737 shares of the company's stock valued at $3,381,000 after purchasing an additional 463,811 shares during the period. 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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