A share price of BlackSky Technology Inc [BKSY] is currently trading at $8.42, down -3.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The BKSY shares have gain 4.60% over the last week, with a monthly amount glided 38.71%, 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 experienced fluctuations in its stock price throughout the past year between $3.86 and $14.16. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. BlackSky Technology Inc [NYSE: BKSY] shares were valued at $8.42 at the most recent close of the market. An investor can expect a potential return of 30.64% based on the average BKSY price forecast.
Analyzing the BKSY fundamentals
Trailing Twelve Months sales for BlackSky Technology Inc [NYSE:BKSY] were 107.23M which represents 6.06% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.45%, Pretax Profit Margin comes in at -0.38%, and Net Profit Margin reading is -0.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.46 and Total Capital is -0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.
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 8.07 points at the first support level, and at 7.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.86, and for the 2nd resistance point, it is at 9.30.
Ratios To Look Out For
To put it in perspective, the Current Ratio for BlackSky Technology Inc [NYSE:BKSY] is 5.68. On the other hand, the Quick Ratio is 5.68, and the Cash Ratio is 2.99. Considering the valuation of this stock, the price to sales ratio is 2.33, the price to book ratio is 2.33.
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.
