Boom Or Bust: What Are Satellogic Inc’s (NASDAQ:SATL) Future Prospects?

Satellogic Inc (NASDAQ:SATL)’s traded shares stood at 0.99 million during the last session, with the company’s beta value hitting 2.01. At the close of trading, the stock’s price was $2.61, to imply an increase of 33.16% or $0.65 in intraday trading. The SATL share’s 52-week high remains $2.52, putting it 3.45% up since that peak but still an impressive 72.41% since price per share fell to its 52-week low of $0.72. The company has a valuation of $237.78M, with an average of 0.38 million shares in intraday trading volume over the past 10 days and average of 118.33K shares over the past 3 months.

Satellogic Inc (NASDAQ:SATL) trade information

After registering a 33.16% upside in the last session, Satellogic Inc (SATL) has traded red over the past five days. The 5-day price performance for the stock is 87.77%, and 173.30% over 30 days. With these gigs, the year-to-date price performance is 49.14%. Short interest in Satellogic Inc (NASDAQ:SATL) saw shorts transact 0.17 million shares and set a 2.58 days time to cover.

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The extremes give us $5 and $5 for target low and target high price respectively. As such, SATL has been trading -91.57% off suggested target high and -91.57% from its likely low.

SATL Dividends

Satellogic Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is SOFTBANK GROUP CORP. with 2.58 million shares, or about 2.8844% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.69 million.