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Friday, September 29, 2023

BlackSky Technology Inc. (NYSE: BKSY) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for BlackSky Technology Inc. (BKSY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.83%, to $1.22. The BlackSky Technology Inc. has recorded 14,445 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that BlackSky to Participate at Three Upcoming Investor Conferences.

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Stocks Info

BlackSky Technology Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Scientific & Technical Instruments industry. At the end of the last regular session, the stock closed at $1.21 and fluctuated between $1.2800 as its day high and $1.2100 as its day low. The current market capitalization of BlackSky Technology Inc. is $173.11M. A total of 0.73 million shares were traded on the day, compared to an average of 1.15M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BKSY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 3 BUYs and 13 SELLs from insiders. Insiders purchased 1,288,992 shares during that period but sold 3,251,491.

In the most recent transaction, O’Toole Brian E sold 75,660 shares of BKSY for 1.40 per share on Mar 14. After the transaction, the CEO and President now owns 2,864,450 company shares. In a previous transaction on Mar 14, Dubois Henry Edward sold 7,547 shares at 1.40 per share. BKSY shares that Chief Financial Officer owns now total 882,775.

Among the insiders who sold shares, Lin Christiana L disposed of 4,546 shares on Mar 14 at a per-share price of $1.40. This resulted in the General Counsel & Corp Sec holding 514,792 shares of BKSY after the transaction. In another insider transaction, Ward Tracy sold 1,877 shares at $1.40 per share on Mar 14. Company shares held by the Principal Accounting Officer now total 72,725.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BKSY in the last 3 months, the mean price target is $2.85 with high estimates of $4.00 and low estimates of $2.00. In terms of 52-week highs and lows, BKSY has a high of $2.37 and a low of $1.12.

As of this writing, BKSY has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.13 in the last quarter, which was 7.10% higher than expectations of -$0.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BKSY’s latest balance sheet shows that the firm has $165.59M in Cash & Short Term Investments as of fiscal 2021. There were $71.46M in debt and $30.54M in liabilities at the time. Its Book Value Per Share was $0.65, while its Total Shareholder’s Equity was $179.62M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BKSY is Buy with a score of 4.60.

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