In the last trading session, 1.16 million shares of the BlackSky Technology Inc (NYSE:BKSY) were traded, and its beta was 1.26. Most recently the company’s share price was $17.32, and it changed around -$0.22 or -1.25% from the last close, which brings the market valuation of the company to $533.09M. BKSY currently trades at a discount to its 52-week high of $18.33, offering almost -5.83% off that amount. The share price’s 52-week low was $3.86, which indicates that the current value has risen by an impressive 77.71% since then. We note from BlackSky Technology Inc’s average daily trading volume that its 10-day average is 2.11 million shares, with the 3-month average coming to 1.32 million.
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 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BKSY as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. BlackSky Technology Inc is expected to report earnings per share of -0.26 for the current quarter.
BlackSky Technology Inc (NYSE:BKSY) trade information
Instantly BKSY has showed a red trend with a performance of -1.25% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 18.33 on recent trading dayincreased the stock’s daily price by 5.51%. The company’s shares are currently up 60.52% year-to-date, but still down -2.15% over the last five days. On the other hand, BlackSky Technology Inc (NYSE:BKSY) is 77.28% up in the 30-day period. We can see from the shorts that 2.01 million shares have been sold at a short interest cover period of 1.19 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to decrease their stock price by -57.45% from its current value. Analyst projections state that BKSY is forecast to be at a low of $10 and a high of $12.
BlackSky Technology Inc (BKSY) estimates and forecasts
The year-over-year growth rate is expected to be 12.14%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 34.23M in revenue for the current quarter. 5 analysts expect BlackSky Technology Inc to make 28.48M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 35.51M and 24.24M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.61%. Forecasts for the next quarter put sales growth at 17.51%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -476.39%. BlackSky Technology Inc earnings are expected to increase by 32.81% in 2025, but the outlook is positive 53.11% per year for the next five years.
BKSY Dividends
BlackSky Technology Inc’s next quarterly earnings report is expected to be released in March.
BlackSky Technology Inc (NYSE:BKSY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.37% of BlackSky Technology Inc shares, and 56.91% of them are in the hands of institutional investors. The stock currently has a share float of 63.49%. BlackSky Technology Inc stock is held by 116.0 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 681.89 shares worth $11.81 million, making up 2.22% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 398.58 shares worth around $6.9 million, which represents about 1.29% of the total shares outstanding.
