Bullish (BLSH)
Financials · Digital Assets / Cryptocurrency Exchange · NYSE
Bullish is a regulated institutional-grade digital assets exchange providing high-performance trading and liquidity infrastructure.
What Bullish does
Bullish operates a regulated digital assets exchange that provides institutional-grade trading solutions for digital assets. The company facilitates spot trading and offers liquidity management tools, leveraging a proprietary exchange architecture to cater to the needs of institutional and professional investors.
Recent developments
The company reported its September 2026 monthly exchange metrics via a press release furnished on October 6, 2026.
From Bullish's filing of 2026-10-06.
Themes: cryptocurrency exchange, digital assets infrastructure, institutional finance, blockchain technology
Fundamentals
- Price$31.41 as of 2026-10-08 close
- Market cap$4.1B date unknown (no dated share count)
- 1-year return-53.4% 2025-10-08 close $67.41 → 2026-10-08 close $31.41
- P/En/a negative earnings
- Net margin-0.3% FY2025, SEC XBRL
- ROE-23.8% FY2025, SEC XBRL
- Debt / equity0.19 as of 2026-09-03
- Revenue growth (YoY)-35.4% as of 2026-09-03
- Revenue CAGR (3y)+45.0% SEC XBRL
- Beta2.72 as of 2026-09-03
- Last reported earningsn/a no confirmed date — as a foreign private issuer it reports on Form 6-K, which carries no earnings item code
How BLSH compares in its sector
- net profit marginbottom 25% 344 covered Financials peers, as of 2026-09-03
- return on equitybottom 10% 559 covered Financials peers, as of 2026-09-03
- 3-year revenue CAGRtop 10% 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 430 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
BLSH is not currently in any published Top 10 list. Its scores are below.
Top 10 score
34.4 #1297 of 1,379 scored · #215 of 220 in Financials
Valuation 76th (price to book 1.8) and growth 49th (3-year revenue CAGR 45%, revenue growth year over year -35.4%); weakest is profitability (6th, return on equity -23.8%).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which BLSH reported a dividend payment is FY2023, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2023 ratio would not describe BLSH today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2023) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How Bullish looks technically
Bullish (BLSH) is trading 7.3% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average has held below its 200-day average for at least 82 trading days — a long-sustained "death cross", a bearish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 9 trading days ago (its momentum flipped negative). It just made a new 20-day low, its first since 2026-08-24, breaking below its recent trading range. It is 55.4% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 7.3% below its 200-day average, the long-term trend line — a long-term downtrend | -7.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $31.57 | $31.57 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $33.87 | $33.87 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 16 calendar days ago — the swings before that are what the structure reading is measured on | 16 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 41.47. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average has held below its 200-day average for at least 82 trading days — a long-sustained "death cross", a bearish long-term signal | at least 82 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend) | 23.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30) | 40.1 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($30.11 to $41.47) — its "stochastic" reading is 11 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 11.4 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 9 trading days ago (its momentum flipped negative) | 9 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $70.50 | $70.50 |
|---|---|---|
| From the 52-week high | it is 55.4% below its 52-week high (its highest price of the past year) | -55.5% |
| Above the 52-week low | it is 52.8% above its 52-week low (its lowest price of the past year) | +52.9% |
| Below the 52-week high | it is 55.4% below its highest point of the past year | 55.5% |
| Since a 20-day breakout | it just made a new 20-day low, its first since 2026-08-24, breaking below its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day high about 13 trading days ago | 13 sessions |
| All-time high | its highest closing price on record is $118.00 (set on 2025-08-13) | $118.00 |
| Given back of the 52-week move | over the past year its closes ranged ($21.79 to $68.79), and it has recovered roughly a quarter of its fall from last year’s high — 20% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $50.84 to $52.34. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 20.5% |
| From the all-time high | it is 73.4% below its all-time high | -73.4% |
| Nearest price level | it is trading 18.6% below a resistance level at $37.26 — a price it turned at twice since 2025-12-31, most recently on 2026-09-03. Since 2025-08-13 it has 1 such level below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +18.6% |
| All-time low | its lowest closing price on record is $20.55 (set on 2026-07-31) | $20.55 |
| Above the all-time low | it is 52.8% above its all-time low | +52.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 66th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.26 between its high and its low — about 7.2% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.26 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $30.40 and $41.43 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $30.40 – $35.91 – $41.43 |
| Typical daily range (% of price) | its price moves about 7.2% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 7.2% |
| Stretch from the 200-day average | it is trading 1.1 daily ranges below its 200-day average price (7.3% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.1 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.84× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 0.7% since the prior reading | -0.7% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has softened toward "sell" since the prior reading | 0.08 toward sell |
Candlestick patterns
2
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|---|---|
| Since a bearish engulfing | 9 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 9 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 1.5% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | -1.5% |
|---|---|---|
| Open gap | it gapped 3.9% below the previous close 1 session ago and has not traded back through the level it left behind at 33.38 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -3.9% |
| Gap filled | a 3.5% gap up opened on 2026-10-02 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 4 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 3 sessions in a row, a -8.56% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 3 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 12.6 percentage points (the stock lost 11.6% while the market gained 1.0%) | -12.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 19.3 percentage points (the stock gained 23.2% while the market gained 3.8%) | +19.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 33.4 percentage points (the stock lost 15.9% while the market gained 17.5%) | -33.4% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 68.4 percentage points (the stock lost 53.4% while the market gained 15.0%) | -68.4% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: near the bottom of its 14-day range (oversold), trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 7.2% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 5.5% of the share price. | +7.2% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 3% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $32.40 — a volume-weighted average of daily closes over 183 sessions, not a true tick-by-tick VWAP. | -3.1% |
|---|
Price levels it has turned at before
BLSH last closed at $31.41 on 2026-10-08. Since 2025-08-13 it has turned at 1 price below its last close and 3 above.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $37.26 | Resistance | 18.6% above the last close | turned there twice · 2025-12-31 to 2026-09-03 |
| $21.80 | Support | 30.6% below the last close | turned there twice · 2026-06-26 to 2026-07-20 |
| $41.56 | Resistance | 32.3% above the last close | turned there twice · 2025-12-15 to 2026-09-22 |
| $48.55 | Resistance | 54.6% above the last close | turned there four times · 2025-09-05 to 2026-05-05 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $41.47.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 8 trading days, since 2026-09-29.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · lagging the market · Printed a doji candle · Most volatile (6%+ typical daily range) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.17 mean, 1=Strong Buy…5=Strong Sell) — 11 analysts
- Mean price target$40.82 range $25.00 – $53.00; median $40.00
Analyst estimates, as of 2026-10-06. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for BLSH
- Consensus EPS estimate$0.08647 next reporting period, as of 2026-10-06
- Estimate change, 30 days+$0.00559 from $0.08088, on 2026-09-02, 34-day window
- Readings revised upward43% of 7 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High exposure to regulatory, legal, and compliance risks in the rapidly evolving digital assets industry.","Significant market and credit risks associated with operating an exchange for highly volatile digital assets."]
Insider activity (SEC Form 4)
0 open-market purchases and 4 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-040 buys · 4 sells ($10M) — 1 selling insider
- Last 90 days · read to 2026-10-040 buys · 4 sells ($10M) — 1 selling insider
- Last 180 days · read to 2026-10-040 buys · 10 sells ($13M) — 2 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-24. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about BLSH's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
BLSH had 7,582,351 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for BLSH because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 7,582,351
- Prior settlement (shares) 8,564,500
- Reported change -11.47%
- Days to cover (reported) 5.41
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Coinbase (COIN)
- Kraken
- Binance
- Bitstamp
- Gemini
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare BLSH vs…
Frequently asked questions
What does Bullish (BLSH) do?
Bullish operates a regulated digital assets exchange that provides institutional-grade trading solutions for digital assets. The company facilitates spot trading and offers liquidity management tools, leveraging a proprietary exchange architecture to cater to the needs of institutional and professional investors.
What sector is Bullish (BLSH) in?
Bullish (BLSH) is classified in the Financials sector. Its industry is Digital Assets / Cryptocurrency Exchange. It trades on NYSE.
Who are Bullish's (BLSH) competitors?
Notable peers of Bullish (BLSH) include Coinbase, Kraken, Binance, Bitstamp and Gemini. This peer set is informational only — not financial advice.
Is Bullish (BLSH) overbought or oversold right now?
Bullish (BLSH) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 40, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BLSH come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.