BlackSky Technology (NYSE:BKSY) Sees Strong Trading Volume

Shares of BlackSky Technology Inc. (NYSE:BKSY) saw unusually-strong trading volume on Friday . Approximately 167,050 shares traded hands during trading, an increase of 78% from the previous session’s volume of 94,004 shares.The stock last traded at $5.80 and had previously closed at $6.09.

BlackSky Technology Price Performance

The business’s fifty day simple moving average is $2.02 and its 200 day simple moving average is $1.48. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market capitalization of $844.27 million, a price-to-earnings ratio of -14.95 and a beta of 1.00.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.24. The firm had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. During the same quarter in the prior year, the company earned ($1.92) EPS. On average, research analysts forecast that BlackSky Technology Inc. will post -2.38 EPS for the current year.

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC increased its stake in shares of BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after buying an additional 83,462 shares during the period. Squarepoint Ops LLC purchased a new stake in BlackSky Technology during the second quarter valued at approximately $295,000. GSA Capital Partners LLP raised its holdings in BlackSky Technology by 123.8% in the 1st quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock worth $430,000 after purchasing an additional 174,773 shares during the period. LA Financiere DE L Echiquier lifted its position in shares of BlackSky Technology by 13.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after buying an additional 112,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after purchasing an additional 800,287 shares during the period. 27.15% of the stock is owned by hedge funds and other institutional investors.

BlackSky Technology Company Profile

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.