In the last trading session, 1.38 million BlackSky Technology Inc (NYSE:BKSY) shares changed hands as the company’s beta touched 1.15. With the company’s per share price at $10.61 changed hands at -$1.1 or -9.39% during last session, the market valuation stood at $326.56M. BKSY’s last price was a discount, traded about -33.46% 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 63.62% up since then. When we look at BlackSky Technology Inc’s average trading volume, we note the 10-day average is 1.0 million shares, with the 3-month average coming to 963.18K.
Analysts gave the BlackSky Technology Inc (BKSY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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. BlackSky Technology Inc’s EPS for the current quarter is expected to be -0.26.
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BlackSky Technology Inc (NYSE:BKSY) trade information
Instantly BKSY was in red as seen at the end of in last trading. With action -6.68%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -5.27%, with the 5-day performance at -6.68% in the red. However, in the 30-day time frame, BlackSky Technology Inc (NYSE:BKSY) is 53.99% up. Looking at the short shares, we see there were 1.48 million shares sold at short interest cover period of 1.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 3.55% from its current market value. According to analyst projections, BKSY’s forecast low is 10 with 12 as the target high. To hit the forecast high, the stock’s price needs a -13.1% plunge from its current level, while the stock would need to tank 5.75% 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 20.57% over the past 6 months, a 41.84% in annual growth rate that is considerably higher than the industry average of 16.80%. Year-over-year growth is forecast to reach 12.14% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 34.23M. 5 analysts are of the opinion that BlackSky Technology Inc’s revenue for the current quarter will be 28.48M. The company’s revenue for the corresponding quarters a year ago was 35.51M and 24.24M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.61%. The estimates for the next quarter sales put growth at 17.51%.
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 33.47%.
BKSY Dividends
BlackSky Technology Inc is expected to release its next quarterly earnings report in January.
BlackSky Technology Inc (NYSE:BKSY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.43% of BlackSky Technology Inc shares while 60.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.32%. There are 60.29% 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.
