Watching BlackSky Technology Inc. (BKSY) For Insider Activity

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BEPC Stock
BEPC Stock

BlackSky Technology Inc. (NYSE:BKSY) traded with a subtraction of -$0.03 to close at $1.39 on Thursday, a downside of -2.11 percent. An average of 706,215 shares of common stock have been traded in the last five days. There was a fall of -$0.2464 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 938,469 shares traded, while the 50-day average volume stands at 711,753.

BKSY stock has decreased by -11.25% in the last month. The company shares reached their 1-month lowest point of $1.3500 on 12/29/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $1.00 and a high of $5.07 in 52 weeks. It has reached a new high 2 times so far this year and lost -68.37% or -$3.0864 in price. In spite of this, the price is down -72.58% from the 52-week high.

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Valuation Metrics

BlackSky Technology Inc. (BKSY) has a trailing price-to-sales (P/S) ratio at 3.68, the price-to-book (PB) ratio at 1.16.

Financial Health

The quick ratio of BlackSky Technology Inc. for the three months ended September 29 was 5.40, and the current ratio was 5.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at -$0.66 million compared to revenue of $34.09 million.

Earnings Surprise

For the three-month period that ended September 29, BlackSky Technology Inc. had $50.7 million in cash and short-term investments compared to $72.96 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.05 million in the quarter, while revenues of -$26.28 million were shrunk -259.39%. The analyst consensus anticipated BlackSky Technology Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.12, a 40.00% surprise. For the quarter, EBITDA amounted to -$9.23 million. Shareholders own equity worth $121.36 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at BlackSky Technology Inc. (BKSY) price momentum. RSI 9-day as of the close on 28 December was 26.51%, suggesting the stock is oversold, with historical volatility in this time frame at 60.22%.

As of today, BKSY’s price is $1.4747 -14.93% or -$0.2464 from its 5-day moving average. BKSY is currently trading -15.95% lower than its 20-day SMA and -48.01% lower than its 100-day SMA. However, the stock’s current price level is -5.80% below the SMA50 and -12.82% below the SMA200.

The stochastic %K and %D were 3.54% and 4.85%, respectively, and the average true range (ATR) was 0.1372. With the 14-day stochastic at 5.96% and the average true range at 0.1400, the RSI (14) stands at 33.64%. The stock has reached -0.1736 on the 9-day MACD Oscillator while the 14-day reading was at -0.3260.

Analyst Ratings

Deutsche Bank launched coverage on BlackSky Technology Inc. (NYSE: BKSY) in its analyst report released on November 07, 2022. The firm assigned the stock a Buy rating. The consensus rating for BlackSky Technology Inc. (BKSY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BKSY, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is BKSY’s price target for the next 12 months?

Analysts predict a range of price targets between $3.00 and $6.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for BlackSky Technology Inc. (BKSY) stock is $4.25.

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