Satellogic Inc (NASDAQ: SATL) is 47.37% 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 $3.75 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $4.20, the stock is 20.29% and 23.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 12.00% at the moment leaves the stock 113.44% off its SMA200. SATL registered 159.26% gain for a year compared to 6-month gain of 320.00%. The firm has a 50-day simple moving average (SMA 50) of $3.3936 and a 200-day simple moving average (SMA200) of $1.967775.
The stock witnessed a 38.61% loss in the last 1 month and extending the period to 3 months gives it a 35.48%, and is 5.00% 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 9.27% over the week and 12.11% over the month.
Satellogic Inc (SATL) has around 137 employees, a market worth around $407.64M and $12.87M in sales. Profit margin for the company is -903.43%. Distance from 52-week low is 483.33% and -23.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-437.87%).
27.0 institutions hold shares in Satellogic Inc (SATL), with institutional investors hold 55.75% of the company’s shares. The shares outstanding are 76.72M, and float is at 39.31M with Short Float at 2.28%. Institutions hold 41.40% of the Float.
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
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).
