BlackSky Technology Inc (NYSE: BKSY) stock jumped 4.84% on Friday to $1.30 against a previous-day closing price of $1.24. With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Scientific & Technical Instruments company that operates in wider Technology sector, reached to the highest price of $1.3200 whereas the lowest price it dropped to was $1.2400. The 52-week range on BKSY shows that it touched its highest point at $2.37 and its lowest point at $1.04 during that stretch. It currently has a 1-year price target of $2.75. Beta for the stock currently stands at 0.96.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BKSY was up-trending over the past week, with a rise of 9.24%, but this was up by 7.44% over a month. Three-month performance dropped to -7.80% while six-month performance rose 0.78%. The stock lost -25.71% in the past year, while it has lost -15.58% so far this year. A look at the trailing 12-month EPS for BKSY yields -0.50 with Next year EPS estimates of -0.28. For the next quarter, that number is -0.09. This implies an EPS growth rate of 32.81% for this year and 34.87% for next year.
Float and Shares Shorts:
At present, 119.51 million BKSY shares are outstanding with a float of 92.97 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.56 million, which was 3.96% higher than short shares on Sep 28, 2023. In addition to Mr. Brian E. O’Toole as the firm’s CEO, President & Director, Mr. Henry Edward Dubois serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 44.38% of BKSY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 17.65% of BKSY, in contrast to 13.80% held by mutual funds. Shares owned by individuals account for 10.64%. As the largest shareholder in BKSY with 7.07% of the stake, Cercano Management LLC holds 9,951,809 shares worth 9,951,809. A second-largest stockholder of BKSY, BlackRock Fund Advisors, holds 6,230,784 shares, controlling over 4.43% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in BKSY, holding 4,320,553 shares or 3.07% stake. With a 1.98% stake in BKSY, the iShares Russell 2000 ETF is the largest stakeholder. A total of 2,782,288 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.85% of BKSY stock, is the second-largest Mutual Fund holder. It holds 2,605,410 shares valued at 3.1 million. Vanguard Extended Market Index Fu holds 0.79% of the stake in BKSY, owning 1,113,687 shares worth 1.33 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BKSY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BKSY analysts setting a high price target of $4.00 and a low target of $1.50, the average target price over the next 12 months is $2.75. Based on these targets, BKSY could surge 207.69% to reach the target high and rise by 15.38% to reach the target low. Reaching the average price target will result in a growth of 111.54% from current levels.
Summary of Insider Activity:
Insiders traded BKSY stock several times over the past three months with 15 Buys and 4 Sells. In these transactions, 4,555,046 shares were bought while 208,063 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 5,844,038 while 3,459,554 shares were sold.
