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

Bullish (NYSE:BLSH) reached a new 52-week low during trading on Monday . The company traded as low as $29.93 and last traded at $29.5950, with a volume of 4343242 shares trading hands. The stock had previously closed at $32.66.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: High‑profile bullish commentary on crypto from Ark Invest’s Cathie Wood could lift investor interest in crypto platforms and trading volumes over time, providing a potential tailwind for revenue at exchanges like Bullish. Cathie Wood Notes Bullish Moves In Gold Led Bitcoin Bounces
• Positive Sentiment: Ripple’s legal chief argues that quiet adoption, tokenization and institutional integration are normalizing crypto — a structural narrative that, if it continues, could boost long‑term user growth and fee volumes for crypto exchanges. Ripple Legal Chief Identifies 3 Bullish Forces
• Neutral Sentiment: A recent financial contrast piece compares Bullish with Grande Group, offering a side‑by‑side look at metrics investors can use to benchmark valuation and operating differences; useful for relative value analysis but not an immediate catalyst. Financial Contrast: Bullish and Grande Group
• Negative Sentiment: Bullish’s lock‑up period ends on February 9 — this is the most direct short‑term downside risk as newly tradable shares can increase selling pressure and weigh on the stock. Monitor filings and insider selling disclosures around that date. Bullish’s Lock-Up Period Will End on February 9th
• Negative Sentiment: Recent crypto volatility — e.g., XRP’s plunge amid Middle East tensions — underscores geopolitical and macro risks that can trigger broad sell‑offs, reduce trading volumes and compress exchange fee revenue in the near term. XRP Plunges to Multi-Month Low

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Rosenblatt Securities reduced their price target on shares of Bullish from $55.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Wall Street Zen lowered Bullish from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Canaccord Genuity Group dropped their price target on Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Bullish from a “hold” rating to a “buy” rating and reduced their price target for the stock from $52.00 to $51.00 in a research report on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.25.

Bullish Stock Down 1.5%

The stock has a market cap of $4.35 billion and a price-to-earnings ratio of 1,485.40. The firm has a 50-day moving average price of $40.80. The company has a current ratio of 38.78, a quick ratio of 36.58 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Bullish

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC acquired a new stake in Bullish in the 3rd quarter valued at approximately $25,000. Rakuten Securities Inc. bought a new position in shares of Bullish in the fourth quarter worth $28,000. Ameritas Advisory Services LLC acquired a new position in shares of Bullish during the third quarter valued at $29,000. CWM LLC bought a new stake in shares of Bullish during the third quarter valued at about $31,000. Finally, 10Elms LLP acquired a new stake in Bullish in the third quarter worth about $32,000.

About Bullish

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.