In the last trading session, 1.41 million shares of the Satellogic Inc (NASDAQ:SATL) were traded, and its beta was 1.47. Most recently the company’s share price was $3.91, and it changed around -$0.56 or -12.53% from the last close, which brings the market valuation of the company to $379.50M. SATL currently trades at a discount to its 52-week high of $5.49, offering almost -40.41% off that amount. The share price’s 52-week low was $0.72, which indicates that the current value has risen by an impressive 81.59% since then. We note from Satellogic Inc’s average daily trading volume that its 10-day average is 0.72 million shares, with the 3-month average coming to 824.52K.
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 -12.53% 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 4.54 on recent trading dayincreased the stock’s daily price by 13.88%. The company’s shares are currently up 37.19% year-to-date, but still up 28.62% over the last five days. On the other hand, Satellogic Inc (NASDAQ:SATL) is -3.69% down in the 30-day period. We can see from the shorts that 0.93 million shares have been sold at a short interest cover period of 1.15 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 21.8% from its current value. Analyst projections state that SATL is forecast to be at a low of $5 and a high of $5.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 51.72%.
SATL Dividends
Satellogic Inc’s next quarterly earnings report is expected to be released in May.
Satellogic Inc (NASDAQ:SATL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 25.90% of Satellogic Inc shares, and 41.40% of them are in the hands of institutional investors. The stock currently has a share float of 55.86%. Satellogic Inc stock is held by 27.0 institutions, with CANTOR FITZGERALD, L. P. being the largest institutional investor. By 2024-06-30, it held 14.944% of the shares, which is about 13.38 million shares worth $12.0 million.
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.
The former held 49.37 shares worth $0.19 million, making up 0.06% of all outstanding shares.
