Bullish (NYSE:BLSH) Trading Down 4.6% - Here's Why

Key Points

• Bullish (NYSE:BLSH) shares fell by 4.6% on Wednesday, closing at $59.20, with trading volume significantly down at 541,061 shares compared to an average of 6,821,321 shares.
• Analysts have given mixed reviews, with Compass Point issuing a "neutral" rating and a target price of $45.00, while Wall Street Zen upgraded the stock to a "hold" rating.
• The company, which operates within the digital asset platform space, currently has a market capitalization of $7.85 billion and a remarkably high price-to-earnings ratio of -1,062.39.

Shares of Bullish (NYSE:BLSH - Get Free Report) traded down 4.6% during trading on Wednesday . The company traded as low as $59.02 and last traded at $59.20. 541,061 shares changed hands during trading, a decline of 92% from the average session volume of 6,821,321 shares. The stock had previously closed at $62.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BLSH shares. Compass Point started coverage on Bullish in a research note on Wednesday. They issued a "neutral" rating and a $45.00 price objective for the company. Wall Street Zen upgraded Bullish to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $45.00.

Bullish Trading Down 13.4%

The company has a market capitalization of $7.85 billion and a price-to-earnings ratio of -1,062.39.

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.

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