Bullish stock
BLSHNYSETechnologyISIN KYG169101204
29Score 29 out of 100, Weak
Price and trend
29 / 100
Price history
−49% in one yearThe chart shows daily closes over 1 year, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 27% below it.
Since November 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 34).
The price is 52% below its 52-week high. Largest decline in 1 year: 72% (August 2025 to November 2026).
Chart figures for advanced users
- SMA 50$31.31
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$31.70
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)34
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$20.71
- The lowest closing price of the last twelve months.
- Resistance$48.42
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Bullish belongs to the Software (Application) industry (Cayman Islands) and, with a market value of $3.51B, is number 87 of 189 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $244.97B (down 2.1% year on year) and a loss of $764.68M.
- MEQIRI Score 29 out of 100 (Weak): rank 845 of 857 in Technology, median 61.
Show more
- Our model puts fair value at $9.48, with the price 148% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Analysts expect strong earnings growthUp 42.5% a year through 2027 (estimates from 6 analysts).Growth 50
- Share buybacksShare count down 21% since 2020.
Weaknesses
- Above fair valuePrice 148% above the fair value of $9.48.Valuation 24
- Loss-makingLoss of $1.38B over the last 12 months.Fundamentals 17
- Volatile share priceVolatility 76% a year over the last 12 months.Stability 52
The score is held back by profitability and momentum.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansValuation
Valuation signal
Significantly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $6.32 and expensive above $18.96 (uncertainty very high, based on the price swings of the past year).
Calculated with a cost of equity of 11.2%. At 12.2% the fair value would be $8.31, at 10.2% it would be $11.02.
Valuation metrics
From the cash-flow model alone; without earnings there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 31 Mar 2026, revenue fell 13.4% on the twelve months before. Revenue turned from negative at the start of the period to positive ($244.97B in the latest year).
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 0%, operating 0%, net 0%.
Debt & balance sheet
latest quarterDebt is low, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 18 Nov 2026in 6 days
- Last reported
- 13 Aug 2026EPS reported $0.10 (expected $0.09)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $0.45−1.5%
- Revenue
- $357.36M−0.3%
- Earnings per share
- $0.88+0.5%
- Revenue
- $410.57M+0.2%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −1.0%2026 guidance narrowed due to better visibility with the midpoint maintained; SS&O revenue now $225 million to $245 million.
“SS&O revenue is now expected to be between $225 million to $245 million.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 13 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $9.92M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Bliss AndrewSale
24 Sept 2026, Board
- Shares
- 100
- Price
- $40.10
- Value
- $4,010
- Bliss AndrewSale
23 Sept 2026, Board
- Shares
- 59,976
- Price
- $40.22
- Value
- $2.41M
- Bliss AndrewSale
22 Sept 2026, Board
- Shares
- 108,200
- Price
- $40.79
- Value
- $4.41M
Show 1 more
- Bliss AndrewSale
21 Sept 2026, Board
- Shares
- 76,953
- Price
- $40.20
- Value
- $3.09M
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Bullish
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
857 rated companies in Technology
- This company
- 29
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Software (Application)
The next larger and next smaller companies by market value
- CCC Intelligent Solutions HoldingsCCC $4.56B58
- Sportradar GroupSRAD $3.91B67
- Life360LIF $3.65B53
- DaveDAVE $3.6B70
- NCR AtleosNATL $3.56B64
- IntappINTA $3.56B49
- WorkivaWK $3.55B52
- AgilysysAGYS $3.48B67
ETFs that hold Bullish
Held by 4 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Global X Blockchain UCITS ETFBLCH | 2.23% | 0.50% | €63.27M |
| Invesco CoinShares Global Blockchain UCITS ETFBNXG | 1.85% | 0.65% | €733.24M |
| HAN-GINS Tech Megatrend Equal Weight UCITS ETF AccT3KE | 0.51% | 0.59% | €96.5M |
Show 1 more
| Vanguard FTSE Global All-Cap UCITS ETF Accum USDVGLA | 0.00% | 0.07% | €3.9B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 14 Aug 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.