BlackSky Technology Inc [BKSY] stock prices are up 10.08% to $1.31 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BKSY shares have gain 20.18% over the last week, with a monthly amount glided 18.02%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BlackSky Technology Inc [NYSE: BKSY] stock has seen the most recent analyst activity on April 03, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $2.50. Previously, Craig Hallum started tracking the stock with Buy rating on July 06, 2023, and set its price target to $2.50. On November 07, 2022, Deutsche Bank initiated with a Buy rating and assigned a price target of $3 on the stock. Credit Suisse started tracking the stock assigning a Outperform rating. Lake Street initiated its recommendation with a Buy and recommended $6 as its price target on July 26, 2022.
The stock price of BlackSky Technology Inc [BKSY] has been fluctuating between $0.86 and $1.77 over the past year. Currently, Wall Street analysts expect the stock to reach $2.5 within the next 12 months. BlackSky Technology Inc [NYSE: BKSY] shares were valued at $1.31 at the most recent close of the market. An investor can expect a potential return of 90.84% based on the average BKSY price forecast.
Analyzing the BKSY fundamentals
The BlackSky Technology Inc [NYSE:BKSY] reported sales of 105.94M for trailing twelve months, representing a surge of 29.03%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.47%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.33 and Total Capital is -0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.2300 points at the first support level, and at 1.1500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3600, and for the 2nd resistance point, it is at 1.4100.
Ratios To Look Out For
It’s worth pointing out that BlackSky Technology Inc [NYSE:BKSY]’s Current Ratio is 4.19. On the other hand, the Quick Ratio is 4.19, and the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 2.51.
