The stock of BlackSky Technology Inc (NYSE: BKSY) has decreased by -0.41 when compared to last closing price of 1.21.Despite this, the company has seen a loss of -1.23% in its stock price over the last five trading days. investorplace.com reported 2024-08-11 that To understand the allure of buying the best stocks under $10, it’s a good idea to go back to basics. A stock’s price reflects how much you pay for one dollar of a company’s earnings.
Is It Worth Investing in BlackSky Technology Inc (NYSE: BKSY) Right Now?
Company’s 36-month beta value is 1.00.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BKSY is 122.75M, and currently, short sellers hold a 4.52% ratio of that floaft. The average trading volume of BKSY on August 28, 2024 was 596.96K shares.
BKSY’s Market Performance
The stock of BlackSky Technology Inc (BKSY) has seen a -1.23% decrease in the past week, with a 9.55% rise in the past month, and a 10.55% gain in the past quarter. The volatility ratio for the week is 8.90%, and the volatility levels for the past 30 days are at 7.45% for BKSY. The simple moving average for the last 20 days is 10.44% for BKSY’s stock, with a simple moving average of -2.78% for the last 200 days.
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 12.01% 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 -31.92% of loss for the given period.
Volatility was left at 7.45%, however, over the last 30 days, the volatility rate increased by 8.90%, as shares surge +8.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.22% upper at present.
During the last 5 trading sessions, BKSY fell by -0.41%, which changed the moving average for the period of 200-days by +2.97% in comparison to the 20-day moving average, which settled at $1.0958. In addition, BlackSky Technology Inc saw -13.93% 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:
- -0.47 for the present operating margin
- 0.38 for the gross margin
The net margin for BlackSky Technology Inc stands at -0.27. The total capital return value is set at -0.24. Equity return is now at value -34.38, with -12.55 for asset returns.
Based on BlackSky Technology Inc (BKSY), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 1.42. The interest coverage ratio of the stock is 109.33.
Currently, EBITDA for the company is -11.67 million with net debt to EBITDA at -7.79. When we switch over and look at the enterprise to sales, we see a ratio of 2.52. The receivables turnover for the company is 2.91for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.19.
Conclusion
In a nutshell, BlackSky Technology Inc (BKSY) has experienced a mixed 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.
