Webull (NASDAQ:BULL) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Webull Corporation experienced a significant increase in trading volume, with approximately 18.8 million shares traded, rising 29% from the previous session.
• Wall Street analysts have varying opinions on Webull, with ratings ranging from Strong Buy to Sell, and a consensus average price target of $18.50.
• Institutional ownership is high for Webull, with 92.48% of its stock owned by hedge funds and institutional investors, highlighting strong institutional interest.

Webull Corporation (NASDAQ:BULL - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 18,829,820 shares traded hands during trading, an increase of 29% from the previous session's volume of 14,570,335 shares.The stock last traded at $13.05 and had previously closed at $12.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BULL shares. Wall Street Zen upgraded shares of Webull from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Weiss Ratings reiterated a "sell (d)" rating on shares of Webull in a research report on Wednesday. Northland Securities started coverage on shares of Webull in a research report on Thursday, September 4th. They set an "outperform" rating and a $18.00 price target for the company. Zacks Research upgraded shares of Webull to a "hold" rating in a research report on Friday, September 5th. Finally, Rosenblatt Securities started coverage on shares of Webull in a research report on Thursday, September 25th. They set a "buy" rating and a $19.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $18.50.

Webull Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50-day moving average of $14.15.

Institutional Trading of Webull

Several hedge funds and other institutional investors have recently bought and sold shares of the company. HSG Holding Ltd purchased a new stake in Webull in the 2nd quarter worth approximately $113,109,000. General Atlantic L.P. purchased a new stake in Webull in the 2nd quarter worth approximately $85,491,000. Marshall Wace LLP purchased a new stake in Webull in the 2nd quarter worth approximately $14,771,000. Azora Capital LP purchased a new stake in Webull in the 2nd quarter worth approximately $9,216,000. Finally, BNP Paribas Financial Markets purchased a new stake in Webull in the 2nd quarter worth approximately $3,871,000. 92.48% of the stock is owned by hedge funds and other institutional investors.

About Webull

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.

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