Bullish (NYSE:BLSH) Reaches New 12-Month Low – Here’s Why

Bullish (NYSE:BLSH)’s stock price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $20.06 and last traded at $20.7510, with a volume of 543,945 shares traded. The stock had previously closed at $23.13.

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish and Equiniti reportedly transferred 61 million tokenized shares and selected Solana, Aptos, and Ethereum as initial network partners for the tokenized-share rollout. The move could expand Bullish’s digital-asset infrastructure and create new business opportunities. Article
• Positive Sentiment: Aptos was named an initial network partner for Bullish’s tokenized-shares service, adding detail to the planned rollout across multiple blockchain networks. Article
• Neutral Sentiment: Bullish released its October 2026 monthly metrics, but the available report summary provides no figures to assess activity or growth. Article
• Neutral Sentiment: Freedom Broker initiated coverage with a “hold” rating. This offers a cautious view rather than a clear endorsement or downgrade. Article

Analyst Ratings Changes

BLSH has been the topic of a number of research reports. Freedom Broker initiated coverage on Bullish in a research report on Tuesday. They set a “hold” rating on the stock. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price objective on Bullish from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Weiss Ratings upgraded Bullish from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 14th. Finally, Zacks Research raised Bullish from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $44.36.

Bullish Trading Down 9.5%

The firm’s 50-day simple moving average is $32.62 and its 200-day simple moving average is $32.11. The firm has a market capitalization of $3.16 billion, a PE ratio of -2.27 and a beta of 1.06. The company has a quick ratio of 22.41, a current ratio of 23.52 and a debt-to-equity ratio of 0.20.

Bullish (NYSE:BLSH) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%. The firm had revenue of $92.62 million during the quarter. The company’s quarterly revenue was up 62.5% compared to the same quarter last year. Equities analysts expect that Bullish will post 0.44 earnings per share for the current year.

Institutional Trading of Bullish

Several large investors have recently added to or reduced their stakes in BLSH. Guild Investment Management Inc. increased its position in Bullish by 76.3% during the 3rd quarter. Guild Investment Management Inc. now owns 61,733 shares of the company’s stock valued at $2,154,000 after purchasing an additional 26,713 shares during the period. Inscription Capital LLC purchased a new stake in shares of Bullish in the 3rd quarter worth about $229,000. Commonwealth Equity Services LLC purchased a new stake in shares of Bullish in the 3rd quarter worth about $675,000. Cidel Asset Management Inc. bought a new stake in shares of Bullish during the 3rd quarter valued at about $229,000. Finally, VestGen Advisors LLC bought a new stake in shares of Bullish during the 3rd quarter valued at about $288,000.

Bullish Company Profile

Bullish is a digital asset trading and financial technology company that operates a regulated cryptocurrency exchange. Its platform is designed to provide trading and market infrastructure for digital assets, including spot trading and other services for institutional and professional investors.

The company’s offerings include access to cryptocurrency markets, custody and settlement capabilities, and tools intended to support liquidity, execution and portfolio management. Bullish also publishes digital asset market news and analysis through its media operations.

Bullish was established in 2021 and launched its exchange that year.