During the last session, BlackSky Technology Inc (NYSE:BKSY)’s traded shares were 0.51 million, with the beta value of the company hitting 1.00. At the end of the trading day, the stock’s price was $10.11, reflecting an intraday gain of 4.01% or $0.39. The 52-week high for the BKSY share is $14.16, that puts it down -40.06 from that peak though still a striking 61.82% gain since the share price plummeted to a 52-week low of $3.86. The company’s market capitalization is $311.17M, and the average intraday trading volume over the past 10 days was 1.3 million shares, and the average trade volume was 843.42K shares over the past three months.
BlackSky Technology Inc (BKSY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BKSY has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.26.
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BlackSky Technology Inc (NYSE:BKSY) trade information
BlackSky Technology Inc (BKSY) registered a 4.01% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.01% in intraday trading to $10.11, hitting a weekly high. The stock’s 5-day price performance is 15.54%, and it has moved by 65.20% in 30 days. Based on these gigs, the overall price performance for the year is -3.53%. The short interest in BlackSky Technology Inc (NYSE:BKSY) is 1.62 million shares and it means that shorts have 1.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 8.09% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $12 respectively. As a result, BKSY is trading at a discount of -18.69% off the target high and 1.09% off the low.
BlackSky Technology Inc (BKSY) estimates and forecasts
Statistics show that BlackSky Technology Inc has outperformed its competitors in share price, compared to the industry in which it operates. BlackSky Technology Inc (BKSY) shares have gone up 11.84% during the last six months, with a year-to-date growth rate more than the industry average at 41.84% against 18.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -14.62% this quarter and then jump 38.90% in the quarter after that. In the rating firms’ projections, revenue will increase 12.14% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 34.23M as predicted by 9 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 28.48M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 35.51M and 24.24M respectively. In this case, analysts expect current quarter sales to shrink by -3.61% and then jump by 17.51% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -476.39%. While earnings are projected to return 33.47% in 2024.
BKSY Dividends
BlackSky Technology Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
BlackSky Technology Inc (NYSE:BKSY)’s Major holders
BlackSky Technology Inc insiders own 10.43% of total outstanding shares while institutional holders control 54.30%, with the float percentage being 60.62%. CERCANO MANAGEMENT LLC is the largest shareholder of the company, while 107.0 institutions own stock in it. As of 2024-06-30, the company held over 9.95 million shares (or 7.0409% of all shares), a total value of $10.65 million in shares.
The next largest institutional holding, with 6.95 million shares, is of BLACKROCK INC.’s that is approximately 4.9153% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.43 million.
Also, the Mutual Funds coming in first place with the largest holdings of BlackSky Technology Inc (BKSY) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 421.89 shares. This amounts to just over 1.37 percent of the company’s overall shares, with a $4.19 million market value. The same data shows that the other fund manager holds slightly less at 371.5, or about 1.21% of the stock, which is worth about $3.69 million.
