Satellogic Inc (NASDAQ:SATL) does about 791.79K shares in volume on a normal day but saw 1880957 shares change hands in the recent trading day. The company now has a market cap of 433.86M USD. Its current market price is $4.47, marking an increase of 19.20% compared to the previous close of $3.75. The 52 week high reached by this stock is $5.49 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 $3.75 and the current price is -18.58% off the 52-week high compared with 520.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.57 and its 200-day simple moving average is $2.12. If we look at the stock’s price movements over the week, volatility stands at 15.51%, which decreases to 11.37% 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 61.75 to suggest the stock is neutral.
The consensus objective for the share price is $5.00, suggesting that the stock has a potential upside of 10.6% over the period. The median price target is 10.6% 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 19.26%, 25.09%, and 110.86% 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 27.35% over the week and 25.03% over the past month. Its price is 56.84% year-to-date and 192.16% 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 10.6 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 25.75% of the shares and institutional holders owning 41.40% of the company’s common stock. The company has a return on investment of -437.87%. The beta has a value of 1.54. Price to sales ratio is 33.71.
