At the time of writing, BlackSky Technology Inc [BKSY] stock is trading at $11.73, up 12.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The BKSY shares have gain 20.06% over the last week, with a monthly amount drifted -3.38%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of BlackSky Technology Inc fluctuated 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 $11.73 at the most recent close of the market. An investor can expect a potential drop of -6.22% based on the average BKSY price forecast.
Analyzing the BKSY fundamentals
According to BlackSky Technology Inc [NYSE:BKSY], the company’s sales were 107.23M for trailing twelve months, which represents an 6.06% jump. 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 10.65 points at the first support level, and at 9.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.36, and for the 2nd resistance point, it is at 13.00.
Ratios To Look Out For
It is important to note that BlackSky Technology Inc [NYSE:BKSY] has a current ratio of 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 3.37, the price to book ratio is 3.24.
Transactions by insiders
Recent insider trading involved Gordon Susan M., Director, that happened on Dec 12 ’24 when 381.0 shares were sold. Director, Abraham Magid M completed a deal on Dec 12 ’24 to sell 481.0 shares. Meanwhile, Director DiDomenico David sold 671.0 shares on Dec 12 ’24.
