Webull (NASDAQ:BULL) Shares Down 5.9% – Should You Sell?

Webull Corporation (NASDAQ:BULL)’s share price traded down 5.9% during mid-day trading on Friday . The company traded as low as $6.94 and last traded at $7.0740. Approximately 3,144,421 shares were traded during trading, a decline of 74% from the average daily volume of 12,086,591 shares. The stock had previously closed at $7.52.

Analyst Upgrades and Downgrades

BULL has been the subject of several research reports. Wall Street Zen downgraded shares of Webull from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Rosenblatt Securities upped their target price on Webull from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings downgraded Webull from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Webull Price Performance

The stock has a fifty day moving average of $6.77 and a 200 day moving average of $6.58. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of -6.23 and a beta of 0.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.35 and a quick ratio of 1.35.

Institutional Trading of Webull

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in shares of Webull in the third quarter worth $26,000. Osaic Holdings Inc. acquired a new position in Webull during the second quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new stake in Webull in the fourth quarter valued at $34,000. Ritter Alpha LP purchased a new stake in Webull in the first quarter valued at $48,000. Finally, Versant Capital Management Inc grew its position in Webull by 79.8% during the 2nd quarter. Versant Capital Management Inc now owns 7,335 shares of the company’s stock worth $48,000 after purchasing an additional 3,255 shares during the period. 92.48% of the stock is currently owned by institutional investors and hedge funds.

Webull Company Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.