BlackSky Technology (NYSE:BKSY) Shares Gap Up – Time to Buy?

BlackSky Technology Inc. (NYSE:BKSY) shares gapped up prior to trading on Monday . The stock had previously closed at $24.76, but opened at $26.20. BlackSky Technology shares last traded at $26.5860, with a volume of 304,733 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on BKSY shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. Wall Street Zen downgraded BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BlackSky Technology has a consensus rating of “Hold” and a consensus target price of $36.50.

BlackSky Technology Stock Performance

The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -10.59 and a beta of 2.52. The company has a fifty day moving average of $37.30 and a two-hundred day moving average of $28.67. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.34 and a current ratio of 3.46.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). The firm had revenue of $20.77 million during the quarter, compared to analyst estimates of $27.60 million. BlackSky Technology had a negative net margin of 89.07% and a negative return on equity of 74.25%. As a group, equities research analysts predict that BlackSky Technology Inc. will post -1.32 earnings per share for the current fiscal year.

Institutional Trading of BlackSky Technology

A number of institutional investors have recently bought and sold shares of the business. Quarry LP bought a new position in BlackSky Technology during the 4th quarter worth $26,000. Strive Financial Group LLC acquired a new position in BlackSky Technology in the fourth quarter valued at about $26,000. Global Retirement Partners LLC acquired a new stake in BlackSky Technology during the fourth quarter worth about $28,000. Wexford Capital LP bought a new stake in shares of BlackSky Technology during the 3rd quarter worth approximately $30,000. Finally, IFP Advisors Inc increased its stake in BlackSky Technology by 57.9% in the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after acquiring an additional 826 shares during the last quarter. Institutional investors own 27.15% of the company’s stock.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.