BlackSky Technology Inc [NYSE: BKSY] jumped around 1.35 points on Thursday, while shares priced at $8.75 at the close of the session, up 18.24%.
Compared to the average trading volume of 746.66K shares, BKSY reached a trading volume of 3160686 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say 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 $12.86 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 1.00. 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.
Craig Hallum have made an estimate for BlackSky Technology Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 04, 2024. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on October 02, 2024, representing the official price target for BlackSky Technology Inc stock. Previously, the target price had yet another raise to $2.50, while H.C. Wainwright analysts kept a Buy rating on BKSY stock.
The Average True Range (ATR) for BlackSky Technology Inc is set at 0.72, with the Price to Sales ratio for BKSY stock in the period of the last 12 months amounting to 2.51. The Price to Book ratio for the last quarter was 2.42, with the Price to Cash per share for the same quarter was set at 2.09.
How has BKSY stock performed recently?
BlackSky Technology Inc [BKSY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.38. With this latest performance, BKSY shares gained by 42.74% in over the last four-week period, additionally sinking by -8.09% over the last 6 months – not to mention a drop of -12.50% 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 67.86, with the RSI for the last a single of trading hit 71.76, and the three-weeks RSI is set at 63.71 for BlackSky Technology Inc [BKSY]. The present Moving Average for the last 50 days of trading for this stock 6.22, while it was recorded at 7.77 for the last single week of trading, and 8.82 for the last 200 days.
BlackSky Technology Inc [BKSY]: Deeper insight into the fundamentals
BlackSky Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.68 and a Current Ratio set at 5.68.
Earnings analysis for BlackSky Technology Inc [BKSY]
With the latest financial reports released by the company, BlackSky Technology Inc posted -0.23/share EPS, while the average EPS was predicted by analysts to be reported at -0.72/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.49. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BKSY.
Insider trade positions for BlackSky Technology Inc [BKSY]
There are presently around $29.46%, or 32.89%% 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%.
