BlackSky Technology (BKSY) stock is up 3% due to new contract wins in Latin America, showcasing their Gen-3 and Gen-2 capabilities. Despite a recent correction of 18%, the stock has surged by 192.7% over three months, reflecting the company’s strong position in the space-based intelligence market.

The company’s recent financial performance includes a decline in revenue to $22.2 million in Q2, prompting a downward revision in full-year guidance. Despite this, BlackSky maintains a solid gross profit margin of 69%. They also successfully priced an upsized $160 million offering of 8.25% convertible senior notes due 2033.

With a market cap of $637 million, BKSY stock remains below its average 12-month price target of $21.25, with a potential upside of 49%. Analysts rate it as a “Strong Buy.” The success of BlackSky hinges on factors like satellite deployment, global demand for intelligence services, and expanding their international customer base.

Investors are awaiting the Q2 earnings call on Thursday, Aug. 7, for updates on strategic initiatives and contract developments. BKSY stock offers significant upside potential but carries risk at current prices. It’s best suited for aggressive traders, and a cautious approach is advised.

Read more at Yahoo Finance: Up 192% Since April, Is It Too Late to Buy the Breakout in BlackSky Stock?