-3.51% percent quarterly performance for BlackSky Technology Inc (BKSY) is not indicative of the underlying story

A new trading day began on Tuesday, with BlackSky Technology Inc (NYSE: BKSY) stock price up 4.80% from the previous day of trading, before settling in for the closing price of $6.87. BKSY’s price has ranged from $3.86 to $14.16 over the past 52 weeks.

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During the last 5-year period, the sales growth of Technology Sector giant was 39.52%. Meanwhile, its annual earnings per share averaged 29.32%. With a float of $22.72 million, this company’s outstanding shares have now reached $30.11 million.

Let’s determine the extent of company efficiency that accounts for 279 employees. In terms of profitability, gross margin is 37.84%, operating margin of -46.65%, and the pretax margin is -25.93%.

BlackSky Technology Inc (BKSY) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Scientific & Technical Instruments Industry. The insider ownership of BlackSky Technology Inc is 24.55%, while institutional ownership is 16.19%. The most recent insider transaction that took place on Sep 10 ’24, was worth 8,140. In this transaction SVP & Controller of this company sold 1,389 shares at a rate of $5.86, taking the stock ownership to the 33,793 shares. Before that another transaction happened on Sep 10 ’24, when Company’s CEO and President sold 24,352 for $7.19, making the entire transaction worth $175,091. This insider now owns 479,785 shares in total.

BlackSky Technology Inc (BKSY) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 29.32% per share during the next fiscal year.

BlackSky Technology Inc (NYSE: BKSY) Trading Performance Indicators

Here are BlackSky Technology Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.05.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.58, a number that is poised to hit -0.61 in the next quarter and is forecasted to reach -1.47 in one year’s time.

Technical Analysis of BlackSky Technology Inc (BKSY)

Looking closely at BlackSky Technology Inc (NYSE: BKSY), its last 5-days average volume was 0.86 million, which is a jump from its year-to-date volume of 0.25 million. As of the previous 9 days, the stock’s Stochastic %D was 75.61%. Additionally, its Average True Range was 0.56.

During the past 100 days, BlackSky Technology Inc’s (BKSY) raw stochastic average was set at 49.26%, which indicates a significant decrease from 92.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.03% in the past 14 days, which was lower than the 96.66% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $6.39, while its 200-day Moving Average is $8.91. However, in the short run, BlackSky Technology Inc’s stock first resistance to watch stands at $7.40. Second resistance stands at $7.61. The third major resistance level sits at $7.93. If the price goes on to break the first support level at $6.87, it is likely to go to the next support level at $6.55. Should the price break the second support level, the third support level stands at $6.34.

BlackSky Technology Inc (NYSE: BKSY) Key Stats

With a market capitalization of 216.82 million, the company has a total of 18,614K Shares Outstanding. Currently, annual sales are 94,490 K while annual income is -53,860 K. The company’s previous quarter sales were 24,940 K while its latest quarter income was -9,400 K.