Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.48, read 2026-11-02
Ethical does not pass the values gate
Price21.33 USD
Fair value36.00
Ethical score70.0/100
Value readUndervaluedas of 6 Nov 2026
Our investment reviews on this name
2026-10-18Read Markdown18.45+15.6% to today Accumulation gives way to Markdown after a 20% slide in 7 days
2026-10-11Read Accumulation23.17-7.9% to today Markdown gives way to Accumulation
2026-10-02Read Markdown23.17-7.9% to today ✓Accumulation gives way to Markdown with volume flow in agreement
2026-08-23Read Accumulation22.19-3.9% to today Markup gives way to Accumulation after a 32% slide in 7 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
BlackSky Technology Inc. holds its Markdown at $21.33. Consolidating, no directional conviction, held for 57 days.
As held on the ledger · 2026-11-06
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 57 days
Price at the screen
$21.33
Valuation
N/A trailing · -40.72 forward price to earnings
Values screen
FAIL· score 70.0
Beta
2.59
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
54.23%
Below 33%
Interest-bearing debt is 54.2% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
21.23%
Below 33%
Cash held in interest-bearing accounts and securities is 21.2% of assets, under the one-third limit.
Pass
Receivables
19.83%
Below 49%
Money owed to the company is 19.8% of assets, under the 49% limit.
Pass
Revenue purity
3.57%
Below 5%
Only 3.6% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
BlackSky Technology's business is in a permissible area, but its interest-bearing debt is about 54% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-07. It updates when the underlying figures move, and past reads are kept below.
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Today BKSY does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Undervalued vs our fair value, as of 6 Nov 2026: it trades at roughly a 41% discount to our $36.00 fair value.
Fair value range in USD, drawn from the 2026-11-06 screen. The gold marker is the market price at the same screen. A 40.8% discount to the base estimate.
Where our models see it going: fair-value estimate $36.00, with a range of $34.00 to $42.66, dated to the 2026-11-06 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it stands out
Trading at -40.7x forward earnings. That is a 41% discount to our $36.00 fair value: the market is pricing it cautiously while the fundamentals argue otherwise.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
BKSY trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-05Markdown$16.77-3.8%Entry 17
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 3.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading bearish. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-04Markdown$17.44-2.4%Entry 16
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 2.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading bearish. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-03Markdown$17.87+0.0%Entry 15
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading bearish. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Markdown$17.87+0.0%Entry 14
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading bearish. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-01Markdown$17.87-6.7%Entry 13
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading bearish. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Markdown$19.15+0.0%Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading bearish. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Markdown$19.15+0.0%Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading bearish. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Markdown$19.15+3.8%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 3.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading bearish. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Markdown$18.45+0.0%Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter.
2026-10-18Markdown · changed$18.45-20.4%Entry 8
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 20.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 110% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 165%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (7 analysts) rates it none, with a mean price target of $40. Insiders have been net sellers over the past quarter.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
