The stock price of BlackSky Technology Inc (NYSE: BKSY) has jumped by 3.76 compared to previous close of 6.12. Despite this, the company has seen a gain of 4.61% in its stock price over the last five trading days. businesswire.com reported 2024-10-24 that TUKWILA, Wash.–(BUSINESS WIRE)—- $BKSY #artificialintelligence–The Space Development Agency has selected LeoStella and BlackSky to support the Hybrid Acquisition for Proliferated Low-Earth Orbit program.
Is It Worth Investing in BlackSky Technology Inc (NYSE: BKSY) Right Now?
Moreover, the 36-month beta value for BKSY is 0.96. Analysts have varying 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 23.26M and currently, short sellers hold a 5.04% of that float. On October 24, 2024, BKSY’s average trading volume was 507.13K shares.
BKSY’s Market Performance
The stock of BlackSky Technology Inc (BKSY) has seen a 4.61% increase in the past week, with a 56.40% rise in the past month, and a -32.16% fall in the past quarter. The volatility ratio for the week is 6.63%, and the volatility levels for the past 30 days are at 10.44% for BKSY. The simple moving average for the past 20 days is 10.30% for BKSY’s stock, with a -29.80% simple moving average for the past 200 days.
Analysts’ Opinion of BKSY
Many brokerage firms have already submitted their reports for BKSY stocks, with Craig Hallum repeating the rating for BKSY by listing it as a “Buy.” The predicted price for BKSY in the upcoming period, according to Craig Hallum is $10 based on the research report published on October 04, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see BKSY reach a price target of $10. The rating they have provided for BKSY stocks is “Outperform” according to the report published on October 02nd, 2024.
H.C. Wainwright gave a rating of “Buy” to BKSY, setting the target price at $2.50 in the report published on April 03rd of the current year.
BKSY Trading at -6.66% 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 -55.16% of loss for the given period.
Volatility was left at 10.44%, however, over the last 30 days, the volatility rate increased by 6.63%, as shares surge +38.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.82% lower at present.
During the last 5 trading sessions, BKSY rose by +6.10%, which changed the moving average for the period of 200-days by -38.55% in comparison to the 20-day moving average, which settled at $5.76. In addition, BlackSky Technology Inc saw -43.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BKSY starting from Ward Tracy, who sale 1,389 shares at the price of $5.86 back on Sep 10 ’24. After this action, Ward Tracy now owns 33,793 shares of BlackSky Technology Inc, valued at $8,140 using the latest closing price.
O’Toole Brian E, the CEO and President of BlackSky Technology Inc, sale 24,352 shares at $7.19 during a trade that took place back on Sep 10 ’24, which means that O’Toole Brian E is holding 479,785 shares at $175,091 based on the most recent closing price.
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 -8.82.
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 2.64. 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
To wrap up, the performance of BlackSky Technology Inc (BKSY) has been mixed in recent times. The stock has received a bullish of “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.
