As of Friday close, BlackSky Technology Inc.’s (NYSE:BKSY) stock was down -$0.03, moving down -2.14 percent to $1.37. The average number of shares traded per day over the past five days has been 747,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2100 fall in that time frame. In the last twenty days, the average volume was 803,755, while in the previous 50 days, it was 1,359,564.
Since last month, BKSY stock retreated -29.02%. Shares of the company fell to $1.3600 on 08/18/23, the lowest level in the past month. A 52-week high of $2.37 was reached on 07/03/23 after having rallying from a 52-week low of $1.12. Since the beginning of this year, BKSY’s stock price has dropped by -11.04% or -$0.1700, and marked a new high 15 times. However, the stock has declined by -42.07% since its 52-week high.
BKSY stock investors should be aware that BlackSky Technology Inc. (BKSY) stock had its last reported insider trading activity 158 days ago on Mar 14. O’Toole Brian E, the CEO and President of the company, disposed of 75,660 shares for $1.40 on Mar 14. It resulted in a $105,924 divestment by the insider. Dubois Henry Edward sold 7,547 shares at an average price of $1.40 on Mar 14. The insider now owns 882,775 shares following the transaction. On Mar 14, General Counsel & Corp Sec Lin Christiana L sold 4,546 shares at $1.40 apiece. The transaction was valued at $6,364.
Valuation Metrics
The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 2.87, the price-to-book (PB) ratio of 1.43.
Financial Health
In the three months ended June 29, BlackSky Technology Inc.’s quick ratio stood at 4.40, while its current ratio was 4.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 55.10% percent. Based on annual data, BKSY earned $29.52 million in gross profit and brought in $65.35 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -43.70%. Return on equity (ROE) for the past 12 months was -57.30%.
In BlackSky Technology Inc.’s quarter-end financial report for June 29, it reported total debt of $79.41 million against cash and short-term investments of $16.58 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BKSY’s revenue rose 21.88% to $18.4 million during the quarter, while net income inched up to $19.33 million. While analysts expected BlackSky Technology Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.23 per share, beating the consensus estimate by -91.70%. During the quarter, the company generated -$7.9 million in EBITDA. The liabilities of BlackSky Technology Inc. were 139.54 million at the end of its most recent quarter ended June 29, and its total debt was $82.52 million. The value of shareholders’ equity is $140.82 million.
Technical Picture
This quick technical analysis looks at BlackSky Technology Inc.’s (BKSY) price momentum. With a historical volatility rate of 57.21%, the RSI 9-day stood at 20.01% on 18 August.
With respect to its five-day moving average, the current BlackSky Technology Inc. price is down by -13.29% percent or -$0.2100. At present, BKSY shares trade -28.65% below its 20-day simple moving average and -2.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.03% below its SMA50 and -14.91% below its SMA200.
Stochastic coefficient K was 2.15% and Stochastic coefficient D was 3.58%, while ATR was 0.1106. Given the Stochastic reading of 1.59% for the 14-day period, the RSI (14) reading has been calculated as 28.15%. As of today, the MACD Oscillator reading stands at -0.1622, while the 14-day reading stands at -0.2579.
With a median target price of $2.75, the current consensus forecast for the stock is $2.00 – $4.00. Based on these forecasts, analysts predict BlackSky Technology Inc. (BKSY) will achieve an average price target of $2.85.
