Bullish (BLSH) has quietly turned heads with its recent price action, climbing about 6% over the past week even as its year to date performance remains weak and sentiment cautious.
See our latest analysis for Bullish.
That bounce comes after a tough stretch, with the share price at $46.45 and a year to date share price return of around minus 32%. Despite the recent strength, momentum is still rebuilding from a weak base rather than fully turning the trend.
If Bullish has caught your attention but you want a broader view of where capital is flowing, this is a good moment to explore fast growing stocks with high insider ownership.
With revenue and profits growing fast, but the share price still lagging analysts’ targets, investors now face a key question: is Bullish trading at an unjustified discount, or are markets already pricing in its future growth?
Bullish trades at $46.45 per share, implying a steep valuation premium when measured against both its industry and closer peer group.
The preferred metric here is the price-to-sales ratio, which compares the company’s market value to the revenue it generates. For a fast-growing, still unprofitable platform like Bullish, investors often lean on this multiple to gauge how much they are paying today for each dollar of current sales while they wait for earnings to turn positive.
At 35.2 times sales, Bullish is priced dramatically higher than the broader US Capital Markets industry, which sits around 4 times sales, and above its more comparable peers at roughly 4.6 times. That gap indicates that a significantly richer valuation multiple is being applied relative to these reference points, rather than treating the stock as a value play.
See what the numbers say about this price — find out in our valuation breakdown.
Result: Price-to-Sales of 35.2x (OVERVALUED)
However, risks remain, including sustained losses if revenue growth slows and a sharp de rating if sentiment toward digital asset platforms deteriorates.
Find out about the key risks to this Bullish narrative.
If you want to dig into the numbers yourself rather than rely on this view, you can build a custom story in just a few minutes: Do it your way.
A great starting point for your Bullish research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.
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