The stock of BlackSky Technology Inc (BKSY) has gone down by -3.66% for the week, with a -13.50% drop in the past month and a -5.20% drop in the past quarter. The volatility ratio for the week is 6.51%, and the volatility levels for the past 30 days are 5.59% for BKSY. The simple moving average for the past 20 days is -5.69% for BKSY’s stock, with a -12.20% simple moving average for the past 200 days.
Is It Worth Investing in BlackSky Technology Inc (NYSE: BKSY) Right Now?
Company’s 36-month beta value is 1.03.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BKSY is 96.47M, and currently, short sellers hold a 6.03% ratio of that floaft. The average trading volume of BKSY on May 08, 2024 was 625.82K shares.
BKSY) stock’s latest price update
The stock price of BlackSky Technology Inc (NYSE: BKSY) has plunged by -6.69 when compared to previous closing price of 1.27, but the company has seen a -3.66% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that BlackSky Technology Inc. (BKSY) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.14 per share a year ago.
Analysts’ Opinion of BKSY
Many brokerage firms have already submitted their reports for BKSY stocks, with H.C. Wainwright repeating the rating for BKSY by listing it as a “Buy.” The predicted price for BKSY in the upcoming period, according to H.C. Wainwright is $2.50 based on the research report published on April 03, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see BKSY reach a price target of $2.50. The rating they have provided for BKSY stocks is “Buy” according to the report published on July 06th, 2023.
Deutsche Bank gave a rating of “Buy” to BKSY, setting the target price at $3 in the report published on November 07th of the previous year.
BKSY Trading at -11.29% from the 50-Day Moving Average
After a stumble in the market that brought BKSY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.89% of loss for the given period.
Volatility was left at 5.59%, however, over the last 30 days, the volatility rate increased by 6.51%, as shares sank -12.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.05% lower at present.
During the last 5 trading sessions, BKSY fell by -4.07%, which changed the moving average for the period of 200-days by -39.49% in comparison to the 20-day moving average, which settled at $1.2480. In addition, BlackSky Technology Inc saw -15.36% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BKSY
Current profitability levels for the company are sitting at:
- -0.59 for the present operating margin
- 0.53 for the gross margin
The net margin for BlackSky Technology Inc stands at -0.57. The total capital return value is set at -0.28. Equity return is now at value -50.15, with -23.45 for asset returns.
Based on BlackSky Technology Inc (BKSY), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.21. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is -6.02.
Currently, EBITDA for the company is -11.67 million with net debt to EBITDA at -4.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.4. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.89.
Conclusion
In a nutshell, BlackSky Technology Inc (BKSY) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
