BlackSky Technology Inc (NYSE:BKSY) price on Thursday, January 16, rose 5.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.45.
A look at the stock’s price movement, the close in the last trading session was $9.93, moving within a range at $9.82 and $10.76. The beta value (5-Year monthly) was 0.919. Turning to its 52-week performance, $14.16 and $3.86 were the 52-week high and 52-week low respectively. Overall, BKSY moved -0.57% over the past month.
BlackSky Technology Inc’s market cap currently stands at around $321.63 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 34.23M for the company’s revenue for the quarter, with a low and high estimate of 30.5M and 38.7M respectively. The average forecast suggests down to a -3.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 105.96M, representing a 12.14% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BKSY is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend BKSY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BKSY’s current price about -2.72% and 3.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.99, while 7-day volatility ratio is 7.21% and 9.35% in the 30-day chart. Further, BlackSky Technology Inc (BKSY) has a beta value of 1.16, and an average true range (ATR) of 0.91. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $10 and high of $12. Looking at the price targets, the low is 4.31% off current price level while to achieve the yearly target high, price needs to move -14.83%. Nonetheless, investors will most likely welcome a -5.26% jump to $11 which is the analysts’ median price.
If we refocus on BlackSky Technology Inc (NYSE:BKSY), historical trading data shows that trading volumes averaged 0.87 over the past 10 days and 989.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.48 million shares.
The 22.35% of BlackSky Technology Inc’s shares are in the hands of company insiders while institutional holders own 46.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.1 million on 2024-12-31, giving us a short ratio of 2.16. The data shows that as of 2024-12-31 short interest in BlackSky Technology Inc (BKSY) stood at 815.99995 of shares outstanding, with shares short rising to 1.53 million registered in 2024-11-29. Current price change has pushed the stock -3.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BKSY stock continues to rise going into the next quarter.
