BLSHBullish

$32.62-53% 1Y

Is it safe?

Mixed

Mostly sound, with a caveat: comfortable debt (AA), but big price swings.

1 good, 1 to watch, 1 neutral, 3 without data
Insider conviction-$9.9MSEC EDGAR · Oct 8, 2026

Insiders were net sellers (-$9.9M, 90 days to Oct 8, 2026), selling is often routine.

Credit gradeAAderived · Dec 31, 2025

Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.

Drawdown risk81% volderived · Oct 9, 2026

Large price swings, high volatility. Worst drawdown -71% · now 53% below its 52-week high.

Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.

Can BLSH take a bad year?

The deepest fall in BLSH's price history on file is −71%; it is 53% below its high today.

$12M

Net debt · as at FY2025 · debt less the cash on hand

Debt / equity
0.03×

Debt / equity

Annualised volatility
81%

Annualised volatility · three times the market's own swing

Worst drawdown on file
−71%

Worst drawdown on file · −53% today

Details›
Total debtFY2025
$100M
Cash and short-term investments
$88M
Net debt
$12M
Debt / equity
0.03×
Annualised volatilitytwo years of daily moves
81%
Worst drawdown on file
−71%
Below its 52-week high
53%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.