Bullish (BLSH)
Financials · Digital Asset Trading Platforms · NYSE
Bullish is a regulated digital asset exchange platform focused on providing liquidity and advanced trading features, including tokenized equities, for institutional and retail participants.
What Bullish does
Bullish operates a regulated digital asset exchange that provides liquidity and trading services for cryptocurrencies. The company utilizes proprietary technology to facilitate institutional and retail trading, including a recent expansion into tokenized equity trading.
Themes: cryptocurrency exchange, digital assets, tokenization, fintech, blockchain technology
Fundamentals
- Price$30.41 as of 2026-08-21 close
- Market cap$4.1B as of 2026-08-24
- 1-year return-56.4% 2025-08-21 close $69.80 → 2026-08-21 close $30.41
- P/En/a negative earnings
- Net margin-0.5% as of 2026-08-24
- Gross margin+0.0% as of 2026-08-24
- ROE-32.5% as of 2026-08-24
- Debt / equity0.19 as of 2026-08-24
- Revenue growth (YoY)-35.4% as of 2026-08-24
- Revenue CAGR (3y)+45.0% SEC XBRL
- Beta2.14 as of 2026-08-24
- 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 10% 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 10% 534 covered Financials peers, as of 2026-08-24
- gross marginbottom 10% 176 covered Financials peers, as of 2026-08-24
- return on equitybottom 10% 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 431 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.
Long-term score
Not scored for the long-term list: no shareholder return data.
Short-term score
38.2 #1467 of 1,704 scored · #255 of 277 in Financials
Volume and participation 87th: trading volume is about normal versus its 30-day average; trend 58th: it is trading 23.8% above its 50-day average, the short-term trend line; weakest is catalysts 23rd: analysts have cut their average price target by 3.9% since the prior reading. Its score is docked 10 points for overextended (RSI above 75 or stochastic above 90).
Scores as of 21 Aug 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 2.
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 14.7% 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 49 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 67, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-05-22, pushing above its recent trading range. It is 74.2% below its highest point of the past year.
Trend
7
| Distance from the 200-day | it is trading 14.7% below its 200-day average, the long-term trend line — a long-term downtrend | -14.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $24.57 | $24.57 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $35.65 | $35.65 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 21 calendar days ago — the swings before that are what the structure reading is measured on | 21 sessions |
| Since the 50/200 cross | its 50-day average has held below its 200-day average for at least 49 trading days — a long-sustained "death cross", a bearish long-term signal | at least 49 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) | 23.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 67, neither overbought (above 70) nor oversold (below 30) | 66.5 |
|---|---|---|
| Position in its 14-day range | it is trading right at the top of its 14-day range ($22.64 to $30.68) — its "stochastic" reading is 97 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. | 96.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 37 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $118.00 | $118.00 |
|---|---|---|
| From the 52-week high | it is 74.2% below its 52-week high (its highest price of the past year) | -74.2% |
| Above the 52-week low | it is 48.0% above its 52-week low (its lowest price of the past year) | +48.0% |
| Below the 52-week high | it is 74.2% below its highest point of the past year | 74.2% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-05-22, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day low about 16 trading days ago | 16 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 $74.63), and it has recovered roughly a quarter of its fall from last year’s high — 16% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $54.45 to $56.14. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 16.3% |
| From the all-time high | it is 74.2% below its all-time high | -74.2% |
| Nearest price level | not enough price history yet — needs 252 trading sessions | n/a |
| 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 48.0% above its all-time low | +48.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are wider than usual versus its own recent 6-month history (wider than about 76% of it) | 76th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.87 between its high and its low — about 6.2% 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 | $1.87 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $20.11 and $28.87 — 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 | $20.11 – $24.49 – $28.87 |
| Typical daily range (% of price) | its price moves about 6.2% 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 | 6.2% |
| Stretch from the 200-day average | it is trading 2.8 daily ranges below its 200-day average price (14.7% 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 | 2.8 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 | 1.58× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 3.9% since the prior reading | -4.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | 3 sessions ago 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 | 3 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 4.6% above 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 | +4.6% |
|---|---|---|
| Open gap | it gapped 4.6% above the previous close today and has not traded back through the level it left behind at 28.44 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +4.6% |
| Gap filled | a 2.3% gap down opened on 2026-07-31 has been "filled" 14 sessions ago — price traded back through the level the gap left behind, and it took 1 session to close | 14 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +23.52% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 20.4 percentage points (the stock gained 22.8% while the market gained 2.3%) | +20.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 18.5 percentage points (the stock lost 15.4% while the market gained 3.1%) | -18.5% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 15.3 percentage points (the stock lost 4.3% while the market gained 11.1%) | -15.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 76.9 percentage points (the stock lost 56.4% while the market gained 20.5%) | -76.9% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a fresh 20-day high, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 4 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, lagging the market over 6 months, near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is thick, spanning 33.1% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | 0.0% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 5% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $31.87 — a volume-weighted average of daily closes over 150 sessions, not a true tick-by-tick VWAP. | -4.6% |
|---|
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-08-21.
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 out to a new 20-day high · Analyst price target recently CUT · lagging the market · Gapped up at the open (3%+) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.20 mean, 1=Strong Buy…5=Strong Sell) — 9 analysts
- Mean price target$39.22 range $25.00 – $51.00; median $39.00
Analyst estimates, as of 2026-08-18. 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$0.07577 next reporting period, as of 2026-08-18
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
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)
["Significant exposure to the volatility and regulatory uncertainty of the digital asset markets.","Dependence on high trading volumes and market activity to generate revenue.","Intense competition in the cryptocurrency exchange sector."]
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
- Last 180 days0 buys · 9 sells ($6M) — 1 selling insider
Most recent open-market transaction: 2026-05-11. As of 2026-08-24.
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 8,509,147 shares of reported short interest as of the 2026-07-31 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) 8,509,147
- Prior settlement (shares) 9,857,399
- Reported change -13.68%
- Days to cover (reported) 5.2
Reported to FINRA as of the 2026-07-31 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
- Gemini
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Bullish (BLSH) do?
Bullish operates a regulated digital asset exchange that provides liquidity and trading services for cryptocurrencies. The company utilizes proprietary technology to facilitate institutional and retail trading, including a recent expansion into tokenized equity trading.
What sector is Bullish (BLSH) in?
Bullish (BLSH) is classified in the Financials sector. Its industry is Digital Asset Trading Platforms. It trades on NYSE.
Who are Bullish's (BLSH) competitors?
Notable peers of Bullish (BLSH) include Coinbase, Kraken, Binance 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 67, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BLSH come from?
Fundamentals and prices come from market data, as of 2026-08-24; 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: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.