Now Is A Suitable Moment For A Long-Term Purchase Of BlackSky Technology Inc (NYSE: BKSY)

Currently, there are 30.48M common shares owned by the public and among those 23.91M shares have been available to trade.

The company’s stock has a 5-day price change of -9.28% and 172.17% over the past three months. BKSY shares are trading -1.34% year to date (YTD), with the 12-month market performance down to -2.04% lower. It has a 12-month low price of $3.86 and touched a high of $14.16 over the same period. BKSY has an average intraday trading volume of 1.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.26%, 22.75%, and 26.21% respectively.

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Institutional ownership of BlackSky Technology Inc (NYSE: BKSY) shares accounts for 46.75% of the company’s 30.48M shares outstanding.

It has a market capitalization of $340.11M and a beta (3y monthly) value of 1.16. The earnings-per-share (ttm) stands at -$2.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.52% over the week and 9.75% over the month.

Earnings per share for the fiscal year are expected to increase by 32.81%, and 47.11% over the next financial year.

Looking at the support for the BKSY, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on October 04, 2024, with the firm’s price target at $10. Oppenheimer coverage for the BlackSky Technology Inc (BKSY) stock in a research note released on October 02, 2024 offered a Outperform rating with a price target of $10. H.C. Wainwright was of a view on April 03, 2024 that the stock is Buy, while Craig Hallum gave the stock Buy rating on July 06, 2023, issuing a price target of $2.50. Deutsche Bank on their part issued Buy rating on November 07, 2022.

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