Webull (NASDAQ:BULL) Shares Down 6.3% - Time to Sell?

Key Points

• Webull's stock price decreased by 6.3%, closing at $11.01, indicating a significant drop from its previous close of $11.75.
• Analysts have varied opinions on Webull, with one rating it as a Strong Buy and others giving ratings of Buy, Hold, and Sell, resulting in an average price target of $18.50.
• Institutional investors hold a significant majority of the stock, owning 92.48% of Webull's shares, reflecting strong institutional interest in the company.

Webull Corporation (NASDAQ:BULL - Get Free Report)'s stock price fell 6.3% during trading on Friday . The stock traded as low as $11.00 and last traded at $11.01. 27,731,240 shares were traded during trading, a decline of 25% from the average session volume of 36,906,788 shares. The stock had previously closed at $11.75.

Wall Street Analyst Weigh In

Several brokerages recently commented on BULL. Rosenblatt Securities began coverage on Webull in a report on Thursday, September 25th. They set a "buy" rating and a $19.00 target price on the stock. Northland Securities began coverage on Webull in a report on Thursday, September 4th. They set an "outperform" rating and a $18.00 target price on the stock. Wall Street Zen raised Webull from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Weiss Ratings reissued a "sell (d)" rating on shares of Webull in a report on Wednesday, October 8th. Finally, Northland Capmk raised Webull to a "strong-buy" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.50.

Webull Stock Down 6.3%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $5.44 billion, a PE ratio of -9.83 and a beta of -0.15. The business has a 50-day moving average of $13.77.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new position in Webull in the second quarter worth approximately $30,000. Marex Group plc purchased a new position in Webull during the 2nd quarter worth approximately $673,000. Tower Research Capital LLC TRC purchased a new position in Webull during the 2nd quarter worth approximately $69,000. Shay Capital LLC purchased a new position in Webull during the 2nd quarter worth approximately $120,000. Finally, Moore Capital Management LP purchased a new position in Webull during the 2nd quarter worth approximately $718,000. Institutional investors and hedge funds own 92.48% of the company's stock.

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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