The trading price of Satellogic Inc (NASDAQ:SATL) floating higher at last check on current market day and closing at $3.39, 5.24% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $5.49 and a 52-week low of $0.72. Over the past month, the stock has lost -27.28% in value.
Satellogic Inc, whose market valuation is $352.79 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SATL has a 25% Sell 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 -6.90% off the SMA20 and -11.39% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.86, and weekly volatility stands at 4.65%. When measured over the past 30 days, the indicator reaches 5.08%. Satellogic Inc (NASDAQ:SATL)’s beta value is currently sitting at 1.48, while the Average True Range indicator is currently displaying 0.32. 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 -47.49% off the estimated low and -47.49% 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 -47.49% below current price.
To see how Satellogic Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: SATL stock’s performance was 5.24% at last check in today’s session, and 208.06% in the past year.
An evaluation of the daily trading volume of Satellogic Inc (NASDAQ:SATL) indicates that the 3-month average is 1.20 million.
Currently, records show that 83.88 million of the company’s shares remain outstanding. The insiders hold 53.39% of outstanding shares, whereas institutions hold 15.02%. However, since the stock’s price has seen 18.90% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
