What's Going On With BlackSky Technology Stock Today?

BlackSky Technology Inc BKSY shares are trading higher Tuesday after the company secured a contract with a new international client for its Gen-2 imagery and analytics platform.

What Happened: BlackSky announced a new six-figure contract with a strategic international customer to provide subscription-based imagery, analytics services and comprehensive analyst training on its AI-powered BlackSky Spectra platform. 

“BlackSky’s software-first adoption model gives this new, strategic customer the ability to create an advanced national spaced-based intelligence expertise at disruptive speed and economics,” said Brian O’Toole, CEO of BlackSky.

“This deal exemplifies the essence of BlackSky’s land-and-expand approach where quick-access, subscription-based services build the foundation for expanded growth in the region.”

BlackSky expects the platform training of Spectra to establish a base for developing long-term national space-based capabilities. Teams will be able to combine BlackSky data with other sources of intelligence and generate intelligence products to support various missions.

See Also: Jim Simons’ Renaissance Technologies Makes AI Moves: Sells Big Tech, Buys Chinese Stocks, Robinhood In Q4

Is BKSY A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like BlackSky Technology‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. BlackSky does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on BlackSky will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

BKSY Price Action: BlackSky shares were up 17.9% at $19.79 at the time of publication Tuesday, according to Benzinga Pro.

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