Satellogic Inc (NASDAQ: SATL) is 58.25% higher on its value in year-to-date trading and has touched a low of $0.72 and a high of $5.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SATL stock was last observed hovering at around $3.69 in the last trading session, with the day’s gains setting it 0.82%.
Currently trading at $4.51, the stock is 50.11% and 45.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.13 million and changing 22.22% at the moment leaves the stock 182.91% off its SMA200. SATL registered 239.10% gain for a year compared to 6-month gain of 385.89%. The firm has a 50-day simple moving average (SMA 50) of $3.0345 and a 200-day simple moving average (SMA200) of $1.577875.
The stock witnessed a 42.27% loss in the last 1 month and extending the period to 3 months gives it a 374.74%, and is 61.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.85% over the week and 8.58% over the month.
Distance from 52-week low is 526.39% and -17.85% from its 52-week high.
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Satellogic Inc (SATL) Top Institutional Holders
The shares outstanding are 76.72M, and float is at 59.21M with Short Float at 0.73%.
The top institutional shareholder in the company is CANTOR FITZGERALD, L. P. with over 13.38 million shares valued at $12.0 million. The investor’s holdings represent 14.944% of the SATL Shares outstanding. As of 2024-06-30, the second largest holder is SOFTBANK GROUP CORP. with 2.58 million shares valued at $2.69 million to account for 2.8844 of the shares outstanding. The other top investors are RESOLUTE ADVISORS LLC which holds 0.29 million shares representing 0.3216% and valued at over $0.3 million, while MORGAN STANLEY holds 0.2744 of the shares totaling 0.25 million with a market value of $0.26 million.
Satellogic Inc (SATL) Insider Activity
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Still, SEC filings show that on Jan 21 ’25, Dunn Rick (Director) Proposed Sale 150,000 shares at an average price of $3.02 for $0.45 million. The insider now directly holds shares of Satellogic Inc (SATL).
