Satellogic Inc (NASDAQ:SATL): -78.83% Off High, Can It Comeback?

In last trading session, Satellogic Inc (NASDAQ:SATL) saw 0.58 million shares changing hands with its beta currently measuring 1.73. Company’s recent per share price level of $3.07 trading at -$0.2 or -6.12% at ring of the bell on the day assigns it a market valuation of $290.65M. That closing price of SATL’s stock is at a discount of -78.83% from its 52-week high price of $5.49 and is indicating a premium of 76.55% from its 52-week low price of $0.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.54 million shares which gives us an average trading volume of 604.86K if we extend that period to 3-months.

Satellogic Inc (NASDAQ:SATL) trade information

Upright in the red during last session for losing -6.12%, in the last five days SATL remained trading in the red while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $3.07 price level, adding 26.2% to its value on the day. Satellogic Inc’s shares saw a change of 75.43% in year-to-date performance and have moved -12.41% in past 5-day. Satellogic Inc (NASDAQ:SATL) showed a performance of 132.58% in past 30-days. Number of shares sold short was 0.32 million shares which calculate 1.85 days to cover the short interests.

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 assigned a consensus price target of 5 to the stock, which implies a rise of 38.6% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -62.87% in reaching the projected high whereas dropping to the targeted low would mean a loss of -62.87% for stock’s current value.

Satellogic Inc (NASDAQ:SATL)’s Major holders

CANTOR FITZGERALD, L. P. is the top institutional holder at SATL for having 13.38 million shares of worth $12.0 million. And as of 2024-06-30, it was holding 14.944 of the company’s outstanding shares.

The second largest institutional holder is SOFTBANK GROUP CORP., which was holding about 2.58 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.8844 of outstanding shares, having a total worth of $2.69 million.