Blacksky Technology Stock Fair Value – 2023 Market Performance of BlackSky Technology Stock Analyzed
March 24, 2023
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BLACKSKY ($NYSE:BKSY): A recent study of the market performance of BlackSky Technology Inc. stock has been released. The results are quite promising as the stock has continued to show consistent growth over the past three years. This was mainly attributed to a growing demand for the company’s products and services, which has driven up the share price. This indicates that investors have high confidence in the company and its future prospects.
Investors can expect to see further growth in the stock’s price due to its promising fundamentals and strong demand for its products and services. Therefore, it is a good option for those looking to add a reliable stock to their portfolio.
Stock Price
On Wednesday, BLACKSKY TECHNOLOGY Inc. stock opened at $1.3 and closed at the same value, a marginal gain of 0.8% from its previous closing price. This performance reflects the underlying trend of the market for the technology company, which has been fairly stable since the beginning of 2023. Analysts have observed that BLACKSKY TECHNOLOGY Inc. stock has been resilient in the face of volatility in the market, with the company’s stock price remaining relatively stable compared to other tech stocks. This stability has enabled investors to take a long-term view when it comes to assessing their investments in the company.
Going forward, BLACKSKY TECHNOLOGY Inc. is expected to continue to provide a steady performance on the market, as the company’s strong fundamentals and resilient stock price make it an attractive option for investors. As such, analysts anticipate that the company’s stock will continue to perform well in 2023, making it an attractive option for long-term investors looking to benefit from its consistent returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blacksky Technology. More…
| Total Revenues | Net Income | Net Margin |
| 65.35 | -74.34 | -132.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blacksky Technology. More…
| Operations | Investing | Financing |
| -44.46 | -81.58 | -5.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Blacksky Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 233.92 | 112.22 | 1.02 |
Key Ratios Snapshot
Some of the financial key ratios for Blacksky Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -106.5% |
| FCF Margin | ROE | ROA |
| -85.9% | -34.1% | -18.6% |
Analysis – Blacksky Technology Stock Fair Value
At GoodWhale, we’ve conducted an in-depth analysis of the wellbeing of BLACKSKY TECHNOLOGY. Our proprietary Valuation Line indicates that the fair value of BLACKSKY TECHNOLOGY share is around $13.5. However, their stock is currently trading at only $1.3, representing a massive undervaluation of 90.4%. It’s clear that this company is poised for a rebound, and investors would be wise to take advantage of this opportunity. More…
Peers
As the market for space-based remote sensing services rapidly expands, BlackSky Technology Inc is facing stiff competition from DSG Global Inc, Vislink Technologies Inc, and Kleos Space SA. These companies are all vying for a share of the growing market for satellite imagery and data services. BlackSky Technology Inc has a strong suite of products and services, but its competitors are not far behind. The company will need to continue to innovate and differentiate its offerings in order to stay ahead of the competition.
– DSG Global Inc ($OTCPK:DSGT)
DSG Global Inc is a publicly traded company that designs, manufactures and sells GPS tracking and scoring products for golf courses and driving ranges. The company has a market cap of 9.01M as of 2022 and a Return on Equity of 60.09%.
DSG Global Inc’s products are used by over 3,000 golf courses and driving ranges in more than 30 countries. The company’s products are designed to improve the game of golf and the experience of playing it.
DSG Global Inc is headquartered in Vancouver, Canada and has offices in the United States, Europe and Asia.
– Vislink Technologies Inc ($NASDAQ:VISL)
Vislink Technologies Inc is a global provider of live video communications solutions. Its products are used in a variety of applications including news gathering, sports and entertainment, law enforcement and security, and drones. The company has a market cap of 18.37M as of 2022 and a return on equity of -21.63%.
The company’s products are used in a variety of applications including news gathering, sports and entertainment, law enforcement and security, and drones. The company has a market cap of 18.37M as of 2022 and a return on equity of -21.63%.
Vislink Technologies Inc is a global provider of live video communications solutions. The company’s products are used in a variety of applications including news gathering, sports and entertainment, law enforcement and security, and drones.
– Kleos Space SA ($ASX:KSS)
Kleos Space SA is a Luxembourg-based company that provides satellite-based radio frequency reconnaissance services. The Company designs, builds, launches and operates a constellation of microsatellites to provide global radio frequency reconnaissance data in order to locate, identify and track radio transmissions to support both government and commercial customers.
Summary
BlackSky Technology Inc. is a stock that has seen some volatility in the past year, but overall it has been a positive performer in the market. While the market temporarily dipped near the beginning of the year, the stock recovered quickly and has since grown steadily. Analysts expect the company to continue its growth trajectory in the near future, as its innovative technologies and solutions are expected to become even more widely adopted. Investors should carefully monitor the company’s performance to capitalize on any opportunities that may arise.
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