Bullish BLSH
Composite 31/100; the shares have moved about 74% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Growth ranks 6/100 — a strong mark against it.
Balance-sheet strength ranks 74/100 — a moderate point in its favour.
Growth ranks 6/100 — a strong mark against it. Valuation ranks 17/100 — a strong mark against it. Quality ranks 22/100 — a strong mark against it.
What the company does Bullish operates a global digital asset exchange and market-infrastructure platform, offering spot and derivatives trading, CoinDesk Indices, market data, and industry insights. Its tech stack combines a central limit order book with automated market making to deliver liquidity.
Key financials Bullish reports negative profitability: ROE -44.6%, ROA -10.3%, ROCE -30.8%, with net margins at 0.0%. Revenue grew 65.5% but operating margin is -742.5%. Leverage is modest (Debt/Equity 0.19), but interest coverage is -17.54 and FCF yield is -25.9%.
Stock health Momentum is weak: -42.91% over 3m, -34.05% over 6m, and down -81.75% from its 52-week high. RSI(14) is 38.50. Sideravia scores Bullish poorly on quality (22.5) but better on growth (74.7) and strength (78.5).
Price vs fair value The stock trades at a PREMIUM of 59.30% versus our fair-value estimate of 8.76 and at a discount of 97.82% versus the 12-month target of 42.61. - Cathie Wood’s Ark Invest trimmed Bitmine while adding Coinbase and Circle, signaling rotation within crypto equities (decrypt, Cryptonews) - Ark’s move coincided with broader crypto-stock volatility, pressuring sentiment (CryptoProwl) - Analysts highlight tokenization tailwinds, but execution risk remains high (Equiniti CEO, Nasdaq)
Looking forward Forward P/E of 36.90 implies high expectations for growth, yet profitability metrics remain negative. Execution on liquidity provision and index adoption will be key to closing the valuation gap.
This is not investment advice. Sideravia provides automated, data-driven analysis for information and education only. Nothing on this page is a personal recommendation or an invitation to buy or sell any security, and it does not consider your objectives or financial situation. Assessments are generated by rules applied uniformly to every covered stock — how our scores work.
Data as of 2026-09-03, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.