Satellogic Inc (NASDAQ: SATL): Stock Forecast For 2024 Sees A An Incline Of 96.79%

In the last trading session, 1.36 million shares of the Satellogic Inc (NASDAQ:SATL) were traded, and its beta was 1.91. Most recently the company’s share price was $3.68, and it changed around -$0.21 or -5.40% from the last close, which brings the market valuation of the company to $333.51M. SATL currently trades at a discount to its 52-week high of $5.49, offering almost -49.18% off that amount. The share price’s 52-week low was $0.72, which indicates that the current value has risen by an impressive 80.43% since then. We note from Satellogic Inc’s average daily trading volume that its 10-day average is 1.04 million shares, with the 3-month average coming to 663.40K.

Satellogic Inc stock received a consensus recommendation rating of Sell, based on a mean score of 5.00. If we narrow it down even further, the data shows that 1 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SATL as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Satellogic Inc is expected to report earnings per share of 0 for the current quarter.

Satellogic Inc (NASDAQ:SATL) trade information

Instantly SATL has showed a red trend with a performance of -5.40% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.09 on recent trading dayincreased the stock’s daily price by 10.02%. The company’s shares are currently up 110.29% year-to-date, but still up 12.54% over the last five days. On the other hand, Satellogic Inc (NASDAQ:SATL) is 164.75% up in the 30-day period. We can see from the shorts that 1.62 million shares have been sold at a short interest cover period of 1.12 day(s).

The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 26.4% from its current value. Analyst projections state that SATL is forecast to be at a low of $5 and a high of $5.

SATL Dividends

Satellogic Inc’s next quarterly earnings report is expected to be released in January.

SOFTBANK GROUP CORP., with 2.8844% or 2.58 million shares worth $2.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.