BlackSky Technology Inc [NYSE: BKSY] loss -20.45% or -0.23 points to close at $0.88 with a heavy trading volume of 4070091 shares.
The daily chart for BKSY points out that the company has recorded -39.10% loss over the past six months.
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If we look at the average trading volume of 606.50K shares, BKSY reached to a volume of 4070091 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about BlackSky Technology Inc [BKSY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BKSY shares is $2.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BKSY stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for BlackSky Technology Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 03, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price to Buy. The new note on the price target was released on July 06, 2023, representing the official price target for BlackSky Technology Inc stock. Previously, the target price had yet another raise to $3, while Deutsche Bank analysts kept a Buy rating on BKSY stock.
The Average True Range (ATR) for BlackSky Technology Inc is set at 0.09, with the Price to Sales ratio for BKSY stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 1.69, with the Price to Cash per share for the same quarter was set at 0.28.
Trading performance analysis for BKSY stock
BlackSky Technology Inc [BKSY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.42. With this latest performance, BKSY shares dropped by -15.10% in over the last four-week period, additionally sinking by -39.10% over the last 6 months – not to mention a drop of -32.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BKSY stock in for the last two-week period is set at 33.83, with the RSI for the last a single of trading hit 25.76, and the three-weeks RSI is set at 38.18 for BlackSky Technology Inc [BKSY]. The present Moving Average for the last 50 days of trading for this stock 1.0879, while it was recorded at 1.0766 for the last single week of trading, and 1.2362 for the last 200 days.
BlackSky Technology Inc [BKSY]: A deeper dive into fundamental analysis
BlackSky Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.19 and a Current Ratio set at 4.19.
An analysis of Institutional ownership at BlackSky Technology Inc [BKSY]
There are presently around $37.42%, or 43.53%% of BKSY stock, in the hands of institutional investors. The top three institutional holders of BKSY stocks are: CERCANO MANAGEMENT LLC with ownership of 9.95 million shares, which is approximately 7.0409%. BLACKROCK INC., holding 6.95 million shares of the stock with an approximate value of $$7.43 million in BKSY stocks shares; and BLACKROCK INC., currently with $$5.58 million in BKSY stock with ownership which is approximately 3.6922%.
