BlackSky Technology (BKSY) Stock Price, News & Analysis

Company Overview

BlackSky Technology Inc. provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally. The company's Spectra software platform processes a range of observations from its satellite constellation and various external data sources, including imaging, radar and radio frequency satellites, environmental sensors, asset tracking sensors, Internet-of-Things (IoT) connected devices, internet-enabled narrative sources, and a variety of geotemporal data feeds. It offers a range of services related to object, change and anomaly detection, site monitoring, and enhanced analytics, which helps to detect key pattern of life changes in critical locations, including strategic locations and infrastructure comprising ports, airports, and construction sites; retail activity; commodities stockpiles; and other sites that contain critical commodities and supply chain inventory. In addition, the company develops and delivers satellites and payload systems; and provides professional and engineering services. Its products and services are used in national security, supply chain intelligence, crisis management, critical infrastructure monitoring, economic intelligence, and other applications. BlackSky Technology Inc. was incorporated in 2018 and is headquartered in Herndon, Virginia.

Key Stats

• Today's Range: $9.20 to $9.72
• 50-Day Range: $4.08 to $9.58
• 52-Week Range: $3.86 to $14.16
• Volume: 590,691 shs
• Average Volume: 295,775 shs
• Market Capitalization: $299.17 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $17.60
• Consensus Rating: Buy

BlackSky Technology Stock Analysis - MarketRank™

BlackSky Technology scored higher than 62% of companies evaluated by MarketBeat, and ranked 147th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

BlackSky Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

BlackSky Technology has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for BlackSky Technology are expected to grow in the coming year, from ($2.28) to ($1.16) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of BlackSky Technology is -4.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of BlackSky Technology is -4.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

BlackSky Technology has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.98% of the float of BlackSky Technology has been sold short.

Short Interest Ratio / Days to Cover

BlackSky Technology has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BlackSky Technology has recently decreased by 7.43%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

BlackSky Technology does not currently pay a dividend.

Dividend Growth

BlackSky Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.98% of the float of BlackSky Technology has been sold short.

Short Interest Ratio / Days to Cover

BlackSky Technology has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BlackSky Technology has recently decreased by 7.43%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.44

News Sentiment

BlackSky Technology has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for BlackSky Technology this week, compared to 2 articles on an average week.

Search Interest

31 people have searched for BKSY on MarketBeat in the last 30 days. This is an increase of 417% compared to the previous 30 days.

MarketBeat Follows

10 people have added BlackSky Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, BlackSky Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $446,535.00 in company stock.

Percentage Held by Insiders

Only 4.50% of the stock of BlackSky Technology is held by insiders.

Percentage Held by Institutions

Only 27.15% of the stock of BlackSky Technology is held by institutions.

BKSY Stock Analysis - Frequently Asked Questions

How have BKSY shares performed this year?

BlackSky Technology's stock was trading at $11.20 on January 1st, 2024. Since then, BKSY shares have decreased by 13.2% and is now trading at $9.72.
View the best growth stocks for 2024 here.

How were BlackSky Technology's earnings last quarter?

BlackSky Technology Inc. (NYSE:BKSY) released its earnings results on Thursday, November, 7th. The company reported ($0.66) earnings per share for the quarter, missing analysts' consensus estimates of ($0.61) by $0.05. The business earned $22.55 million during the quarter, compared to analyst estimates of $26.93 million. BlackSky Technology had a negative net margin of 38.83% and a negative trailing twelve-month return on equity of 49.91%.

When did BlackSky Technology's stock split?

BlackSky Technology shares reverse split on the morning of Monday, September 9th 2024. The 1-8 reverse split was announced on Wednesday, September 4th 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, September 6th 2024. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Who are BlackSky Technology's major shareholders?

BlackSky Technology's top institutional shareholders include Thompson Siegel & Walmsley LLC (4.16%), State Street Corp (1.54%), Geode Capital Management LLC (1.53%) and Perkins Capital Management Inc. (1.26%). Insiders that own company stock include Brian E O'toole, Henry Edward Dubois, Christiana L Lin, Tracy Ward and Johan G Broekhuysen.
View institutional ownership trends.

How do I buy shares of BlackSky Technology?

Shares of BKSY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BlackSky Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BlackSky Technology investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Radio & t.v. communications equipment
• Sub-Industry: Electronic Equipment
• Current Symbol: NYSE:BKSY
• CUSIP: N/A
• CIK: 1753539
• Web: www.osprey-technology.com
• Phone: 571-267-1571
• Fax: N/A
• Employees: 210
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $17.60
• High Stock Price Target: $32.00
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +81.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.26)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-53,860,000.00
• Net Margins: -38.83%
• Pretax Margin: -38.07%
• Return on Equity: -49.91%
• Return on Assets: -19.97%

Debt

• Debt-to-Equity Ratio: 0.89
• Current Ratio: 5.68
• Quick Ratio: 5.68

Sales & Book Value

• Annual Sales: $107.23 million
• Price / Sales: 2.79
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $5.21 per share
• Price / Book: 1.87

Miscellaneous

• Outstanding Shares: 30,779,000
• Free Float: 29,394,000
• Market Cap: $299.17 million
• Optionable: Optionable
• Beta: 0.92