The trading price of Satellogic Inc (NASDAQ:SATL) closed higher on Friday, December 06, and closing at $3.92, 24.84% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.35 and $4.1. In examining the 52-week price action we see that the stock hit a 52-week high of $3.90 and a 52-week low of $0.72. Over the past month, the stock has gained 312.63% in value.
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Satellogic Inc, whose market valuation is $445.84 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest SATL has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that SATL’s price is currently 147.33% off the SMA20 and 218.84% off the SMA50. The RSI metric on the 14-day chart is currently showing 92.63, and weekly volatility stands at 28.04%. When measured over the past 30 days, the indicator reaches 16.04%. Satellogic Inc (NASDAQ:SATL)’s beta value is currently sitting at 1.99, while the Average True Range indicator is currently displaying 0.34. With analysts defining $5-$5 as the low and high price targets, we arrive at a consensus price target of $5 for the trailing 12-month period. The current price is about -27.55% off the estimated low and -27.55% off the forecast high, based on this estimate. Investors will be thrilled if SATL’s share price rises to $5, which is the median consensus price. At that level, SATL’s share price would be -27.55% below current price.
To see how Satellogic Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SATL stock’s performance was 24.84% in the latest trading, and 145.00% in the past year.
An evaluation of the daily trading volume of Satellogic Inc (NASDAQ:SATL) indicates that the 3-month average is 222.76K. However, this figure has increased over the past 10 days to an average of 1.51.
Currently, records show that 76.72 million of the company’s shares remain outstanding. The insiders hold 40.17% of outstanding shares, whereas institutions hold 16.58%. The stats also highlight that short interest as of 2024-11-15, stood at 0.17 million shares, resulting in a short ratio of 2.58 at that time. From this, we can conclude that short interest is 135.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 0.17 million. However, since the stock’s price has seen 124.00% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
