BlackSky Technology Inc. (NYSE:BKSY) finished Wednesday with a subtraction of -$0.15 to close at $1.69, a downside of -8.15 percent. An average of 952,520 shares of common stock have been traded in the last five days. There was a fall of -$0.1500 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 892,480 shares traded, while the 50-day average volume stands at 1,475,888.
BKSY stock has decreased by -18.75% in the last month. The company shares reached their 1-month lowest point of $1.6300 on 08/09/23. With the stock rallying to its 52-week high on 07/03/23, shares of the company touched a low of $1.12 and a high of $2.98 in 52 weeks. It has reached a new high 15 times so far this year and achieved 9.74% or $0.1500 in price. In spite of this, the price is down -43.29% from the 52-week high.
Insider Transactions
BKSY stock investors should be aware that BlackSky Technology Inc. (BKSY) stock had its last reported insider trading activity 149 days ago on Mar 14. In this transaction, the insider spent $105,924. Chief Financial Officer, Dubois Henry Edward, disposed of 7,547 shares at a price of $1.40 on Mar 14. The insider now owns more than $10,566 worth of shares. Prior to that, General Counsel & Corp Sec Lin Christiana L went on to Sale 4,546 shares at $1.40 each on Mar 14. An amount of $6,364 was transacted.
Valuation Metrics
BlackSky Technology Inc. (BKSY) stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.58, the price-to-book (PB) ratio at 1.76.
Financial Health
The quick ratio of BlackSky Technology Inc. for the three months ended March 30 was 4.40, and the current ratio was 4.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.00 for the quarter ending March 30. BlackSky Technology Inc.’s EBITDA margin for the year ending March 30 is -75.36%. Its gross profit as reported stood at $29.52 million compared to revenue of $65.35 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, BlackSky Technology Inc.’s return on assets was -29.20%.
Earnings Surprise
For the three-month period that ended March 30, BlackSky Technology Inc. had $11.79 million in cash and short-term investments compared to $76.33 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$17.32 million in the quarter, while revenues of -$14.86 million were shrunk -15.42%. The analyst consensus anticipated BlackSky Technology Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.13, a 7.10% surprise. For the quarter, EBITDA amounted to -$6.69 million. Shareholders own equity worth $139.33 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 09 August was 35.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 72.63%.
As of today, BKSY’s price is $1.7640 -8.15% or -$0.1500 from its 5-day moving average. BKSY is currently trading -13.33% lower than its 20-day SMA and +26.12% higher than its 100-day SMA. However, the stock’s current price level is +19.86% above the SMA50 and +14.19% above the SMA200.
The stochastic %K and %D were 24.76% and 17.97%, respectively, and the average true range (ATR) was 0.1363. With the 14-day stochastic at 15.79% and the average true range at 0.1374, the RSI (14) stands at 40.01%. The stock has reached -0.0811 on the 9-day MACD Oscillator while the 14-day reading was at -0.1119.
Analyst Ratings
Craig Hallum launched coverage on BlackSky Technology Inc. (NYSE: BKSY) in its analyst report released on July 06, 2023. 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 1 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 $2.50 and $4.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for BlackSky Technology Inc. (BKSY) stock is $3.25.
