Satellogic (NASDAQ:SATL) Shares Up 14.1% - Time to Buy?

Key Points

• Shares surged 14.1% intraday to $4.095 (high $4.28) on Thursday with ~7.09M shares traded (down ~33% vs. average); market cap is about $617.7M and the 50/200‑day moving averages are $2.14/$2.84.
• Analyst views are mixed — Craig Hallum initiated coverage with a Buy and $5 target while Weiss Ratings reaffirmed a "sell (d‑)"; the consensus rating is "Hold" with a $5 average target.
• Fundamentals remain weak but institutions are buying — the company reported a ($0.02) EPS on $3.63M revenue (P/E negative), yet Vanguard and other funds significantly increased stakes and institutional ownership is ~17.6%.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) shares traded up 14.1% during mid-day trading on Thursday . The company traded as high as $4.28 and last traded at $4.0950. 7,090,809 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 10,519,286 shares. The stock had previously closed at $3.59.

Analysts Set New Price Targets

A number of analysts recently issued reports on SATL shares. Weiss Ratings restated a "sell (d-)" rating on shares of Satellogic in a research note on Wednesday, October 8th. Craig Hallum began coverage on shares of Satellogic in a research report on Wednesday. They issued a "buy" rating and a $5.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.00.

Satellogic Price Performance

The company has a market capitalization of $617.74 million, a P/E ratio of -19.00 and a beta of 1.36. The company has a fifty day moving average price of $2.14 and a 200 day moving average price of $2.84.

Satellogic (NASDAQ:SATL - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $3.63 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Satellogic by 44.4% during the third 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 in the last quarter. Geode Capital Management LLC increased its stake in Satellogic by 1,671.4% during the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company's stock valued at $3,166,000 after buying an additional 825,121 shares during the period. Halter Ferguson Financial Inc. bought a new stake in shares of Satellogic during the 3rd quarter worth about $1,276,000. Penserra Capital Management LLC acquired a new stake in shares of Satellogic in the 2nd quarter worth approximately $380,000. Finally, Rhumbline Advisers bought a new position in shares of Satellogic in the second quarter valued at approximately $351,000. 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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