Satellogic (NASDAQ:SATL) Stock Price Down 16% – Should You Sell?

Shares of Satellogic Inc. (NASDAQ:SATL) fell 16% during trading on Tuesday . The stock traded as low as $3.62 and last traded at $3.98. 2,642,789 shares traded hands during trading, an increase of 1,508% from the average session volume of 164,321 shares. The stock had previously closed at $4.74.

Satellogic Price Performance

The business’s fifty day simple moving average is $1.37 and its two-hundred day simple moving average is $1.17.

Institutional Trading of Satellogic

Several institutional investors have recently bought and sold shares of SATL. Ground Swell Capital LLC acquired a new stake in shares of Satellogic in the second quarter valued at about $26,000. Joel Isaacson & Co. LLC purchased a new position in Satellogic in the 3rd quarter valued at about $27,000. Finally, MSA Advisors LLC acquired a new stake in Satellogic in the 2nd quarter worth about $27,000. 17.58% of the stock is owned by institutional investors and hedge funds.

Satellogic Company Profile

Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.