Sunday, June 26, 2022

A Guide To The Risks Of Investing In BlackSky Technology Inc. (BKSY)

In a filing, BlackSky Technology Inc. revealed its Chief Financial Officer BROEKHUYSEN JOHAN G acquired Company’s shares for reported $32400.0 on Feb 25. In the deal valued at $2.70 per share,12,000 shares were bought. As a result of this transaction, BROEKHUYSEN JOHAN G now holds 451,146 shares worth roughly $ 1.1 million.


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Price Performance Review of BKSY

On Tuesday, BlackSky Technology Inc. [NYSE:BKSY] saw its stock jump 20.20% to $2.44. On the same session, the stock had its day’s lowest price of $2.325, but rose to a high of $2.92. Over the last five days, the stock has gained 30.48%. BlackSky Technology Inc. shares have fallen nearly -45.66% since the year began. Nevertheless, the stocks have fallen -75.53% over the past one year. While a 52-week high of $13.20 was reached on 01/04/22, a 52-week low of $1.00 was recorded on 05/12/22. SMA at 50 days reached $1.84, while 200 days put it at $5.09. A total of 54.85 million shares were traded, compared to the trading of 2.74 million shares in the previous session.

Levels Of Support And Resistance For BKSY Stock

The 24-hour chart illustrates a support level at 2.20, which if violated will result in even more drops to 1.97. On the upside, there is a resistance level at 2.80. A further resistance level may holdings at 3.16. The Relative Strength Index (RSI) on the 14-day chart is 56.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.69%. Stochastics %K at 23.57% indicates the stock is a holding.

How much short interest is there in BlackSky Technology Inc.?

A steep rise in short interest was recorded in BlackSky Technology Inc. stocks on Apr 28, 2022, dropping by -0.17 million shares to a total of 0.43 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 0.61 million shares. There was a decline of -39.82%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.53% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.53.

BlackSky Technology Inc. [BKSY] – Who Are The Largest Shareholders?

In filings from JANA Partners LLC, it is revealed that the company now owns 2,843,500 shares, or roughly 2.36% of the outstanding BKSY shares. In other words, the investor’s shares have fallen by 0 from its previous 13-F filing of 2843500.0. Additionally, The Bank of New York Mellon Corp increased 102.83% of its stake after which the total value it holdings stand at $5,027,968. Over the last quarter, The Vanguard Group, Inc. sold -132,493 shares of BlackSky Technology Inc., while Samlyn Capital LLC sold -30,546 shares. At present, Bluecrest Capital Management LLP is holding 852,887 shares valued at $2.79 million. Two Sigma Investments LP owned 812,403 shares of the company at the time of its most recent 13F filing, worth $2.66 million.

According to FactSet, BlackSky Technology Inc.’s share price will average $6.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 195.57 percent from its previous closing price of $2.03. Analysts expect BlackSky Technology Inc. stock to reach the higher price of $6.00, while the lowest price estimate is $6.00. However, 1 analysts have rated BKSY stock as a Buy in their predictions for 2022.

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