( ) was the subject of a significant increase in short interest during June. On June 30, there were 7,400,000 shorted shares. This is an increase of 106.1% compared to the total of 3,590,000.000 shares on June 15. The short-interest rate is 5.1 days based on a trading volume average of 1,450,000 share. About 7.8% of a company's shares are shorted.
Analysts set new price targets
BKSY has been the subject of recent comments from several research firms. In a report published on Thursday, the 6th of July, Craig Hallum assumed ownership on BlackSky Technology shares. They gave the stock a 'buy rating' and set a price target of $2.50. In a report published on Wednesday, Westpark Capital began covering shares of BlackSky Technology. They gave the company a 'buy rating'. Trading hours were Friday and the price fell by $0.12 to $2.00. The company's average trading volume is 1,896,639. The fifty-day moving average of the stock is $1.70, and its 200-day moving average is also $1.62. The stock's market cap is $278.66 millions, with a P/E of -3.33. It also has a beta value of 0.91. The company's debt-to equity ratio is 0.64. Its quick ratio is 4.38, and its current ratio is 4.38. BlackSky Technology's 1-year low is $1.12, and its 1-year high is $2.98.
The company last announced its quarterly results on May 10th. The company reported ($0.14) in earnings per share for the quarter. This was below the consensus estimate ($0.13) ($0.01) by $0.01. BlackSky Technology reported a negative return of equity of 55.88%, and a net margin of 102.53 %. Revenue for the quarter was $18,40 million, which is lower than analyst expectations of $20.60 millions. Analysts at Equities Research expect BlackSky Technology to post a loss per share of -0.39 for the current fiscal.
BlackSky Technology: Institutional Trading
Recently, several hedge funds changed their holdings in the company. Advisor Group Holdings Inc. grew its shares of BlackSky Technology holdings by 163.4% in the first quarter. Advisor Group Holdings Inc. owns 17,320 of the company stock, worth $33,000. This is after purchasing 10,745 additional shares during the last quarter. Vident Investment Advisory LLC increased their holdings of BlackSky Technology shares by 35.0% in the fourth quarter. Vident Investment Advisory LLC owns 48.775 shares worth $75,000, after purchasing an additional 12,641 in the last quarter. Jump Financial LLC increased its holdings in BlackSky Technology shares by 16.2% over the first quarter. Jump Financial LLC owns 91 253 shares worth $137,000, after buying an additional 12 693 shares in the last quarter. Penserra Capital Management LLC increased its holdings in BlackSky Technology shares by 6.9% in the first quarter. Penserra Capital Management LLC owns 197.132 shares worth $295,000, after buying an additional 12,786 during the previous quarter. LPL Financial LLC acquired a new stake of approximately $37,000 in BlackSky Technology shares during the second quarter. The company's stock is owned by institutional investors and hedge fund.
BlackSky Technology Company profile
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BlackSky Technology Inc. provides geospatial information, imagery, data analytics, and mission systems, including the development, integration and operation of satellite and land systems, to government and private customers in North America and Asia.
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