BlackSky Technology Inc (NYSE:BKSY) shares, rose in value on Thursday, May 08, with the stock price up by 31.01% to the previous day’s close as strong demand from buyers drove the stock to $11.45.
Actively observing the price movement in the last trading, the stock closed the session at $8.74. Referring to stock’s 52-week performance, its high was $21.92, and the low was $3.86. On the whole, BKSY has fluctuated by 65.70% over the past month.
With the market capitalization of BlackSky Technology Inc currently standing at about $362.42 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BKSY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of BKSY currently trading nearly 41.74% and 29.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.01, while the 7-day volatility ratio is showing 8.72% which for the 30-day chart, stands at 8.15%. Furthermore, BlackSky Technology Inc (BKSY)’s beta value is 1.75, and its average true range (ATR) is 0.81.
A comparison of BlackSky Technology Inc (BKSY) with its peers suggests the former has fared considerably weaker in the market. BKSY showed an intraday change of 31.01% in last session, and over the past year, it grew by 10.10%%.
Data on historical trading for BlackSky Technology Inc (NYSE:BKSY) indicates that the trading volumes over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 30.66 million shares outstanding.
Nearly 19.03% of BlackSky Technology Inc’s shares belong to company insiders and institutional investors own 47.52% of the company’s shares. The stock has risen by 6.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BKSY stock heading into the next quarter.
