BlackSky Technology Inc (NYSE: BKSY) is -31.70% lower on its value in year-to-date trading and has touched a low of $3.86 and a high of $14.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BKSY stock was last observed hovering at around $7.57 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $7.65, the stock is 15.90% and 21.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing 1.06% at the moment leaves the stock -13.87% off its SMA200. BKSY registered -20.31% loss for a year compared to 6-month loss of -20.97%. The firm has a 50-day simple moving average (SMA 50) of $6.3468 and a 200-day simple moving average (SMA200) of $8.8951.
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The stock witnessed a 21.43% gain in the last 1 month and extending the period to 3 months gives it a -8.05%, and is 21.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.30% over the week and 7.63% over the month.
BlackSky Technology Inc (BKSY) has around 279 employees, a market worth around $230.37M and $105.94M in sales. Profit margin for the company is -26.78%. Distance from 52-week low is 98.19% and -45.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.80%).
BlackSky Technology Inc quarterly earnings per share for the current quarter are estimated at -0.65 with sales reaching $27.48M over the same period.The EPS is expected to grow by 30.45% this year, but quarterly earnings will post 14.40% year-over-year. Quarterly sales are estimated to grow 29.30% in year-over-year returns.
120.0 institutions hold shares in BlackSky Technology Inc (BKSY), with institutional investors hold 28.62% of the company’s shares. The shares outstanding are 30.11M, and float is at 22.72M with Short Float at 7.69%. Institutions hold 25.41% of the Float.
The top institutional shareholder in the company is CERCANO MANAGEMENT LLC with over 9.95 million shares valued at $10.65 million. The investor’s holdings represent 7.0409 of the BKSY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.95 million shares valued at $7.43 million to account for 4.9153 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.22 million shares representing 3.6922 and valued at over $5.58 million, while AWM INVESTMENT COMPANY, INC. holds 1.9709 of the shares totaling 2.79 million with a market value of $2.98 million.
BlackSky Technology Inc (BKSY) Insider Activity
The most recent transaction is an insider sale by Ward Tracy, the company’s SVP & Controller. SEC filings show that Ward Tracy sold 1,389 shares of the company’s common stock on Sep 10 ’24 at a price of $5.86 per share for a total of $8140.0. Following the sale, the insider now owns 33793.0 shares.
BlackSky Technology Inc disclosed in a document filed with the SEC on Sep 10 ’24 that O’Toole Brian E (CEO and President) sold a total of 24,352 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $7.19 per share for $0.18 million. Following the transaction, the insider now directly holds 0.48 million shares of the BKSY stock.
Still, SEC filings show that on Sep 10 ’24, Dubois Henry Edward (Chief Financial Officer) disposed off 23,590 shares at an average price of $7.19 for $0.17 million. The insider now directly holds 231,645 shares of BlackSky Technology Inc (BKSY).
