In today’s recent session, 0.41 million shares of the BlackSky Technology Inc (NYSE:BKSY) have been traded, and its beta is 1.52. Most recently the company’s share price was $9.46, and it changed around -$0.06 or -0.63% from the last close, which brings the market valuation of the company to $299.31M. BKSY at last check was trading at a discount to its 52-week high of $21.92, offering almost -131.71% off that amount. The share price’s 52-week low was $3.86, which indicates that the recent value has risen by an impressive 59.2% since then. We note from BlackSky Technology Inc’s average daily trading volume that its 10-day average is 0.98 million shares, with the 3-month average coming to 1.63 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 -0.46 for the current quarter.
BlackSky Technology Inc (NYSE:BKSY) trade information
Instantly BKSY has been showing red trend so far today with a performance of -0.63% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.78 on recent trading dayincreased the stock’s daily price by 3.27%. The company’s shares are currently down -12.33% year-to-date, but still up 5.46% over the last five days. On the other hand, BlackSky Technology Inc (NYSE:BKSY) is -35.60% down in the 30-day period. We can see from the shorts that 3.47 million shares have been sold at a short interest cover period of 1.67 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 14.0% 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 29.40%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 26.78M in revenue for the current quarter. 9 analysts expect BlackSky Technology Inc to make 29.55M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 24.24M and 24.94M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 10.49%. Forecasts for the next quarter put sales growth at 18.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.83%. BlackSky Technology Inc earnings are expected to increase by 37.77% in 2025, but the outlook is positive 61.22% per year for the next five years.
BlackSky Technology Inc (NYSE:BKSY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.40% of BlackSky Technology Inc shares, and 50.31% of them are in the hands of institutional investors. The stock currently has a share float of 56.15%. BlackSky Technology Inc stock is held by 129.0 institutions, with CERCANO MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 8.5682% of the shares, which is about 9.95 million shares worth $10.65 million.
BLACKROCK INC., with 5.9815% 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 Dec 31, 2024. The former held 681.89 shares worth $6.46 million, making up 2.16% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 673.77 shares worth around $6.39 million, which represents about 2.13% of the total shares outstanding.
