Satellogic (NASDAQ:SATL) Stock Price Down 7.3% - Here's Why

Key Points

• Shares fell about 7.3% intraday to roughly $6.99 on Tuesday, with trading volume of 3.21M shares—about 71% below the stock's average session volume.
• Analyst views are mixed but the consensus is a "Moderate Buy" with a $5.50 target, while individual price objectives range from $4.50 to $7.00 and ratings span Strong Buy to Sell.
• Operationally the company beat quarterly estimates ($0.17 EPS vs. -$0.06 expected; $6.25M revenue vs. $3.83M expected), yet remains unprofitable with negative margins and ROE, and has seen significant insider selling (500,000 shares by Fitzgerald and 1,024,373 shares sold in the last 90 days) despite insiders owning 51.62% of the stock.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) shares traded down 7.3% during mid-day trading on Tuesday . The stock traded as low as $6.80 and last traded at $6.9990. 3,210,745 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 11,064,790 shares. The stock had previously closed at $7.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SATL. Loop Capital set a $4.50 price objective on shares of Satellogic in a report on Wednesday, March 11th. Cantor Fitzgerald set a $7.00 target price on shares of Satellogic in a report on Friday, February 20th. Freedom Capital upgraded shares of Satellogic to a "strong-buy" rating in a research report on Wednesday, March 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Satellogic in a research report on Thursday, January 22nd. Finally, Craig Hallum started coverage on Satellogic in a report on Wednesday, January 21st. They issued a "buy" rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Satellogic currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

Satellogic Stock Down 7.6%

The company's 50-day simple moving average is $4.23 and its two-hundred day simple moving average is $3.15. The firm has a market cap of $997.84 million, a PE ratio of -28.02 and a beta of 0.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 5.02 and a current ratio of 5.12.

Satellogic (NASDAQ:SATL - Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.23. Satellogic had a negative net margin of 27.01% and a negative return on equity of 34.92%. The firm had revenue of $6.25 million during the quarter, compared to the consensus estimate of $3.83 million.

Insider Activity at Satellogic

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the firm's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $5.01, for a total value of $2,505,000.00. Following the completion of the sale, the insider owned 12,356,500 shares of the company's stock, valued at $61,906,065. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 1,024,373 shares of company stock worth $5,447,676 in the last ninety days. 51.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC bought a new stake in shares of Satellogic during the 4th quarter valued at about $25,000. StoneX Group Inc. purchased a new stake in Satellogic in the fourth quarter worth about $25,000. Abel Hall LLC bought a new stake in Satellogic during the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC bought a new stake in Satellogic during the 3rd quarter valued at approximately $26,000. Finally, Legal & General Group Plc purchased a new position in shares of Satellogic during the 2nd quarter worth approximately $27,000. 17.58% of the stock is currently owned by institutional investors.

Satellogic Company Profile

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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