BlackSky Technology (NYSE:BKSY) Shares Down 5.4%

BlackSky Technology Inc. (NYSE:BKSY)’s share price dropped 5.4% during trading on Wednesday . The stock traded as low as $6.74 and last traded at $6.80. Approximately 33,711 shares were traded during trading, a decline of 60% from the average daily volume of 83,417 shares. The stock had previously closed at $7.19.

BlackSky Technology Trading Down 8.6 %

The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $964.67 million, a P/E ratio of -16.58 and a beta of 1.00. The company has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $1.26.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. The business had revenue of $24.94 million for the quarter, compared to analysts’ expectations 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 previous year, the business posted ($0.24) EPS. On average, sell-side analysts expect that BlackSky Technology Inc. will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On BlackSky Technology

A number of large investors have recently added to or reduced their stakes in BKSY. Vanguard Group Inc. grew its position in BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after purchasing an additional 800,287 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of BlackSky Technology in the 2nd quarter valued at about $295,000. GSA Capital Partners LLP grew its holdings in shares of BlackSky Technology by 123.8% in the 1st quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares in the last quarter. LA Financiere DE L Echiquier increased its position in shares of BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after acquiring an additional 112,000 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after acquiring an additional 83,462 shares in the last quarter. Institutional investors own 27.15% of the company’s stock.

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.