BlackSky Technology Inc. (NYSE:BKSY – Get Free Report)’s share price gapped up prior to trading on Thursday after Canaccord Genuity Group raised their price target on the stock from $14.00 to $20.00. The stock had previously closed at $17.28, but opened at $18.00. Canaccord Genuity Group currently has a buy rating on the stock. BlackSky Technology shares last traded at $19.64, with a volume of 884,938 shares changing hands.
A number of other equities research analysts also recently weighed in on the stock. Benchmark lifted their price target on shares of BlackSky Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. HC Wainwright reissued a “buy” rating and issued a $20.00 target price on shares of BlackSky Technology in a report on Friday, March 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $21.67.
Read Our Latest Stock Report on BKSY
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BlackSky Technology Trading Up 18.8%
The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average price of $11.26 and a 200 day moving average price of $11.40. The stock has a market capitalization of $650.00 million, a PE ratio of -7.99 and a beta of 1.85.
BlackSky Technology (NYSE:BKSY – Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.05. The business had revenue of $29.54 million during the quarter, compared to the consensus estimate of $27.20 million. BlackSky Technology had a negative return on equity of 45.63% and a negative net margin of 50.30%. Equities analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.
About BlackSky Technology
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.
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