BlackSky Technology Inc (NYSE:BKSY) has a beta value of 0.92 and has seen 1.02 million shares traded in the last trading session. The company, currently valued at $226.19M, closed the last trade at $6.89 per share which meant it gained $0.57 on the day or 9.02% during that session. The BKSY stock price is -105.52% off its 52-week high price of $14.16 and 43.98% above the 52-week low of $3.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.99 million shares traded. The 3-month trading volume is 604.66K shares.
The consensus among analysts is that BlackSky Technology Inc (BKSY) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.65.
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BlackSky Technology Inc (NYSE:BKSY) trade information
Sporting 9.02% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BKSY stock price touched $6.89 or saw a rise of 5.62%. Year-to-date, BlackSky Technology Inc shares have moved -38.48%, while the 5-day performance has seen it change 8.16%. Over the past 30 days, the shares of BlackSky Technology Inc (NYSE:BKSY) have changed 38.08%. Short interest in the company has seen 1.75 million shares shorted with days to cover at 1.58.
Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 37.36% from current levels. The projected low price target is $10.0 while the price target rests at a high of $12.0. In that case, then, we find that the current price level is -74.17% off the targeted high while a plunge would see the stock gain -45.14% from current levels.
BlackSky Technology Inc (BKSY) estimates and forecasts
Figures show that BlackSky Technology Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -31.65% over the past 6 months, with this year growth rate of 40.56%, compared to 18.80% for the industry. Revenue growth from the last financial year stood is estimated to be 14.40%.
9 analysts offering their estimates for the company have set an average revenue estimate of 27.48M for the current quarter. 9 have an estimated revenue figure of 31.5M for the next ending quarter. Year-ago sales stood 21.26M and 35.51M respectively for this quarter and the next, and analysts expect sales will grow by 29.30% for the current quarter and 14.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -476.39% over the past 5 years.
BKSY Dividends
BlackSky Technology Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
BlackSky Technology Inc (NYSE:BKSY)’s Major holders
Insiders own 11.22% of the company shares, while shares held by institutions stand at 25.13% with a share float percentage of 28.31%. Investors are also buoyed by the number of investors in a company, with BlackSky Technology Inc having a total of 119.0 institutions that hold shares in the company. The top two institutional holders are CERCANO MANAGEMENT LLC with over 9.95 million shares worth more than $10.65 million. As of 2024-06-30, CERCANO MANAGEMENT LLC held 7.0409% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.95 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.43 million and represent 4.9153% of shares outstanding.
