Satellogic (NASDAQ:SATL) Trading Down 5.5% - Time to Sell?

Key Points

• Shares fell 5.5% to about $6.78 on Monday on unusually light trading (≈1.17M shares, roughly an 89% drop from the 10.59M average daily volume).
• Analyst views are mixed: the consensus is a "Moderate Buy" with an average target of $5.50, while individual ratings range from Strong Buy to Sell.
• Satellogic beat the quarter (EPS $0.17 vs. -$0.06 estimate; revenue $6.25M vs. $3.83M) but remains unprofitable with negative margins and ROE, and an insider sold 500,000 shares (insiders still own 51.62%).

Satellogic Inc. (NASDAQ:SATL - Get Free Report) shares dropped 5.5% on Monday . The company traded as low as $6.70 and last traded at $6.7820. Approximately 1,171,959 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 10,588,386 shares. The stock had previously closed at $7.18.

Wall Street Analysts Forecast Growth

SATL has been the topic of a number of research analyst reports. Northland Securities initiated coverage on shares of Satellogic in a research note on Wednesday, February 18th. They issued an "outperform" rating and a $5.50 target price on the stock. Wall Street Zen upgraded shares of Satellogic from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Satellogic in a research note on Thursday, January 22nd. Freedom Capital upgraded shares of Satellogic to a "strong-buy" rating in a research note on Wednesday, March 11th. Finally, Craig Hallum assumed coverage on shares of Satellogic in a research note on Wednesday, January 21st. They issued a "buy" rating and a $5.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5.50.

Satellogic Trading Up 2.0%

The firm's 50-day moving average price is $5.12 and its 200-day moving average price is $3.44. The company has a quick ratio of 5.02, a current ratio of 5.12 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.05 billion, a P/E ratio of -29.36 and a beta of 1.06.

Satellogic (NASDAQ:SATL - Get Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (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 company had revenue of $6.25 million for the quarter, compared to analyst estimates of $3.83 million. As a group, equities research analysts expect that Satellogic Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $5.01, for a total value of $2,505,000.00. Following the sale, the insider owned 12,356,500 shares of the company's stock, valued at $61,906,065. The trade was a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 51.62% of the stock is currently owned by company insiders.

Institutional Trading of Satellogic

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in Satellogic during the 2nd quarter worth approximately $27,000. Neuberger Berman Group LLC bought a new stake in Satellogic during the 4th quarter worth approximately $25,000. Abel Hall LLC bought a new stake in Satellogic during the 4th quarter worth approximately $25,000. Counterpoint Mutual Funds LLC bought a new stake in Satellogic during the 1st quarter worth approximately $584,000. Finally, Krilogy Financial LLC bought a new stake in Satellogic during the 1st quarter worth approximately $60,000. Institutional investors own 17.58% of the company's stock.

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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