Satellogic (NASDAQ:SATL) Stock Falls 5.7% – Time to Sell?

Satellogic Inc. (NASDAQ:SATL)’s share price was down 5.7% during trading on Tuesday. The stock traded as low as $5.82 and last traded at $5.7050. 1,761,367 shares were traded during trading, a decline of 80% from the average session volume of 8,734,045 shares. The stock had previously closed at $6.05.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a research report on Friday, August 7th. Freedom Capital raised Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Roth Capital restated a “buy” rating on shares of Satellogic in a research note on Thursday, August 6th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Satellogic in a research note on Monday, September 21st. Finally, Zacks Research downgraded shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Satellogic currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.90.

Satellogic Trading Down 6.6%

The stock has a fifty day moving average of $4.95 and a 200 day moving average of $5.91. The company has a market capitalization of $869.09 million, a P/E ratio of -6.90 and a beta of 1.36. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.31 and a current ratio of 2.34.

Satellogic (NASDAQ:SATL) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The company had revenue of $15.92 million for the quarter, compared to the consensus estimate of $9.57 million. Satellogic had a negative net margin of 325.65% and a positive return on equity of 303.84%. As a group, equities research analysts anticipate that Satellogic Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Satellogic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Satellogic by 4,052.9% during the 1st quarter. Royal Bank of Canada now owns 417,033 shares of the company’s stock valued at $2,269,000 after buying an additional 406,991 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Satellogic in the 2nd quarter worth $1,278,000. Sei Investments Co. purchased a new stake in Satellogic in the 1st quarter worth $1,607,000. Tidal Investments LLC bought a new stake in Satellogic during the second quarter valued at about $11,613,000. Finally, Renaissance Technologies LLC purchased a new position in Satellogic in the 1st quarter worth approximately $6,463,000. 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.