In the latest trading session, 0.36 million BlackSky Technology Inc (NYSE:BKSY) shares changed hands as the company’s beta touched 0.97. With the company’s most recent per share price at $4.57 changed hands at -$0.17 or -3.59% at last look, the market valuation stands at $85.05M. BKSY’s current price is a discount, trading about -209.85% off its 52-week high of $14.16. The share price had its 52-week low at $3.86, which suggests the last value was 15.54% up since then. When we look at BlackSky Technology Inc’s average trading volume, we note the 10-day average is 0.9 million shares, with the 3-month average coming to 240.69K.
Analysts gave the BlackSky Technology Inc (BKSY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BKSY as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
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BlackSky Technology Inc (NYSE:BKSY) trade information
Instantly BKSY was in red as seen in intraday trades today. With action -9.33%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -59.20%, with the 5-day performance at -9.33% in the red. However, in the 30-day time frame, BlackSky Technology Inc (NYSE:BKSY) is -48.54% down. Looking at the short shares, we see there were 0.82 million shares sold at short interest cover period of 4.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 69.53% from its recent market value. According to analyst projections, BKSY’s forecast low is 15 with 15 as the target high. To hit the forecast high, the stock’s price needs a -228.23% plunge from its current level, while the stock would need to soar -228.23% for it to hit the projected low.
BlackSky Technology Inc (BKSY) estimates and forecasts
Data shows that the BlackSky Technology Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -57.05% over the past 6 months, a 35.71% in annual growth rate that is considerably higher than the industry average of 18.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -476.39%. The 2024 estimates are for BlackSky Technology Inc earnings to increase by 24.31%.
BKSY Dividends
BlackSky Technology Inc is expected to release its next quarterly earnings report on 2024-Nov-06.
BlackSky Technology Inc (NYSE:BKSY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.31% of BlackSky Technology Inc shares while 24.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 27.45%. There are 24.34% institutions holding the BlackSky Technology Inc stock share, with CERCANO MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 7.0409% of the shares, roughly 9.95 million BKSY shares worth $10.65 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.9153% or 6.95 million shares worth $7.43 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 421.89 shares estimated at $1.94 million under it, the former controlled 0.28% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 0.26% of the shares, roughly 383.51 shares worth around $1.76 million.
