Weak Fundamental Momentum Pushes Satellogic Inc (SATL) Lower

EVTL

Satellogic Inc (NASDAQ:SATL) has a beta value of 1.95 and has seen 1.72 million shares traded in the last trading session. The company, currently valued at $382.23M, closed the last trade at $4.02 per share which meant it gained $0.51 on the day or 14.69% during that session. The SATL stock price is -36.57% off its 52-week high price of $5.49 and 82.09% above the 52-week low of $0.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.86 million shares traded. The 3-month trading volume is 538.38K shares.

Satellogic Inc (NASDAQ:SATL) trade information

Sporting 14.69% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SATL stock price touched $4.02 or saw a rise of 9.26%. Year-to-date, Satellogic Inc shares have moved 129.71%, while the 5-day performance has seen it change -15.19%. Over the past 30 days, the shares of Satellogic Inc (NASDAQ:SATL) have changed 298.02%. Short interest in the company has seen 0.32 million shares shorted with days to cover at 1.85.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 19.6% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -24.38% off the targeted high while a plunge would see the stock gain -24.38% from current levels.

Satellogic Inc (SATL) estimates and forecasts

The company’s shares have gained 272.22% over the past 6 months.

SATL Dividends

Satellogic Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Satellogic Inc (NASDAQ:SATL)’s Major holders

The top two institutional holders are CANTOR FITZGERALD, L. P. with over 13.38 million shares worth more than $12.0 million. As of 2024-06-30, CANTOR FITZGERALD, L. P. held 14.944% of shares outstanding.

The other major institutional holder is SOFTBANK GROUP CORP., with the holding of over 2.58 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.69 million and represent 2.8844% of shares outstanding.