Satellogic Inc (NASDAQ:SATL) price on Thursday, May 22, fall -1.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.71.
A look at the stock’s price movement, the close in the last trading session was $3.77. Turning to its 52-week performance, $5.49 and $0.72 were the 52-week high and 52-week low respectively. Overall, SATL moved -0.80% over the past month.
Satellogic Inc’s market cap currently stands at around $386.24 million, with investors looking forward to this quarter’s earnings report slated for in June.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SATL is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
SATL’s current price about -9.85% and -4.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.01, while 7-day volatility ratio is 4.05% and 6.44% in the 30-day chart. Further, Satellogic Inc (SATL) has a beta value of 1.51, and an average true range (ATR) of 0.45. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -34.77% off current price level while to achieve the yearly target high, price needs to move -34.77%. Nonetheless, investors will most likely welcome a -34.77% jump to $5 which is the analysts’ median price.
If we refocus on Satellogic Inc (NASDAQ:SATL), historical trading data shows that trading volumes averaged 1.02 million over the past 3 months. The company’s latest data on shares outstanding shows there are 83.88 million shares.
The 55.15% of Satellogic Inc’s shares are in the hands of company insiders while institutional holders own 14.99% of the company’s shares. Current price change has pushed the stock 30.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SATL stock continues to rise going into the next quarter.
