In the last trading session, 2.5 million shares of the BlackSky Technology Inc (NYSE:BKSY) were traded, and its beta was 0.96. Most recently the company’s share price was $5.43, and it changed around $0.44 or 8.82% from the last close, which brings the market valuation of the company to $163.50M. BKSY currently trades at a discount to its 52-week high of $14.16, offering almost -160.77% off that amount. The share price’s 52-week low was $3.86, which indicates that the current value has risen by an impressive 28.91% since then. We note from BlackSky Technology Inc’s average daily trading volume that its 10-day average is 1.53 million shares, with the 3-month average coming to 323.37K.
BlackSky Technology Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended BKSY as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. BlackSky Technology Inc is expected to report earnings per share of -0.67 for the current quarter.
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BlackSky Technology Inc (NYSE:BKSY) trade information
Instantly BKSY has showed a green trend with a performance of 8.82% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.95 on recent trading dayincreased the stock’s daily price by 8.74%. The company’s shares are currently down -51.52% year-to-date, but still up 21.75% over the last five days. On the other hand, BlackSky Technology Inc (NYSE:BKSY) is -23.13% down in the 30-day period. We can see from the shorts that 0.82 million shares have been sold at a short interest cover period of 4.36 day(s).
The consensus price target as assigned by Wall Street analysts is $12.5, which translates to bulls needing to increase their stock price by 56.56% from its current value. Analyst projections state that BKSY is forecast to be at a low of $10 and a high of $15.
BlackSky Technology Inc (BKSY) estimates and forecasts
BlackSky Technology Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -50.82 percent over the past six months and at a 35.71% annual growth rate that is well above the industry average of 18.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -937.50% in revenue this quarter, and will report a decrease of -116.70% in the next quarter. The year-over-year growth rate is expected to be 14.40%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 27.48M in revenue for the current quarter. 9 analysts expect BlackSky Technology Inc to make 31.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 21.26M and 35.51M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.30%. Forecasts for the next quarter put sales growth at -11.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -476.39%.
BKSY Dividends
BlackSky Technology Inc’s next quarterly earnings report is expected to be released in November.
BlackSky Technology Inc (NYSE:BKSY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.31% of BlackSky Technology Inc shares, and 24.34% of them are in the hands of institutional investors. The stock currently has a share float of 27.44%. BlackSky Technology Inc stock is held by 121.0 institutions, with CERCANO MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 7.0409% of the shares, which is about 9.95 million shares worth $10.65 million.
BLACKROCK INC., with 4.9153% or 6.95 million shares worth $7.43 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
