BlackSky Technology Inc [BKSY] stock is trading at $6.37, down -1.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The BKSY shares have gain 4.26% over the last week, with a monthly amount glided 37.28%, 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 October 04, 2024, when Craig Hallum upgraded its rating to a Buy but kept the price target unchanged to $10 for it. Previously, Oppenheimer started tracking the stock with Outperform rating on October 02, 2024, and set its price target to $10. On April 03, 2024, H.C. Wainwright initiated with a Buy rating and assigned a price target of $2.50 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $2.50 on July 06, 2023. Deutsche Bank initiated its recommendation with a Buy and recommended $3 as its price target on November 07, 2022. In a note dated July 26, 2022, Lake Street initiated an Buy rating and provided a target price of $6 on this stock.
BlackSky Technology Inc [BKSY] stock has fluctuated between $3.86 and $14.16 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. BlackSky Technology Inc [NYSE: BKSY] shares were valued at $6.37 at the most recent close of the market. An investor can expect a potential return of 72.68% based on the average BKSY price forecast.
Analyzing the BKSY fundamentals
BlackSky Technology Inc [NYSE:BKSY] reported sales of 105.94M for the trailing twelve months, which represents a growth 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.42.
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 6.18 points at the first support level, and at 6.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.68, and for the 2nd resistance point, it is at 6.99.
Ratios To Look Out For
For context, BlackSky Technology Inc’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 1.81, the price to book ratio is 1.52.
Transactions by insiders
Recent insider trading involved Ward Tracy, SVP & Controller, that happened on Sep 10 ’24 when 1389.0 shares were sold. CEO and President, O’Toole Brian E completed a deal on Sep 10 ’24 to sell 24352.0 shares. Meanwhile, Chief Financial Officer Dubois Henry Edward sold 23590.0 shares on Sep 10 ’24.
