Satellogic Inc (NASDAQ:SATL) does about 222.76K shares in volume on a normal day but saw 5468623 shares change hands in the recent trading day. The company now has a market cap of 445.84M USD. Its current market price is $3.92, marking an increase of 24.84% compared to the previous close of $3.14. The 52 week high reached by this stock is $3.90 whilst the lowest price level in 52 weeks is $0.72. The script in recent trading has seen the stock touch a high of $5 and a low of $5.
Satellogic Inc (SATL) has a 20-day trading average at $1.58 and the current price is 0.51% off the 52-week high compared with 444.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.23 and its 200-day simple moving average is $1.25. If we look at the stock’s price movements over the week, volatility stands at 28.04%, which decreases to 16.04% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 92.63 to suggest the stock is overbought.
The consensus objective for the share price is $5.00, suggesting that the stock has a potential upside of 21.6% over the period. The median price target is 21.6% away from the current levels at $5.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 10, 2022 when Piper Sandler initiated the stock to “Underweight” and issued a price target of $5.
The current price level is 147.33%, 218.84%, and 212.47% away from its SMA20, SMA50, and SMA200 respectively, with the SATL price moving below the 50-day SMA on current market day. Satellogic Inc (SATL) stock is up 98.98% over the week and 312.63% over the past month. Its price is 124.00% year-to-date and 145.00% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
Its 12-month price target is $5. To reach the target analysts have set, the stock logically needs to grow 21.6 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $5, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $5.
Outstanding shares total 76.72M with insiders holding 27.73% of the shares and institutional holders owning 44.27% of the company’s common stock. The beta has a value of 1.99. Price to book ratio is 18.73.
