Webull (NASDAQ:BULL) Stock Price Down 4.9% – Here’s Why

Shares of Webull Corporation (NASDAQ:BULLGet Free Report) traded down 4.9% on Friday . The company traded as low as $6.23 and last traded at $6.2850. 8,281,737 shares changed hands during trading, a decline of 31% from the average session volume of 12,016,602 shares. The stock had previously closed at $6.61.

Key Stories Impacting Webull

Here are the key news stories impacting Webull this week:

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Webull from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Webull in a research note on Friday, March 27th. Rosenblatt Securities restated a “buy” rating and set a $12.00 price target on shares of Webull in a research note on Tuesday, April 21st. Zacks Research lowered Webull from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Compass Point assumed coverage on Webull in a research note on Monday, March 9th. They set a “buy” rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Webull has an average rating of “Moderate Buy” and an average target price of $13.00.

View Our Latest Analysis on Webull

Webull Trading Down 6.2%

The stock has a 50-day moving average of $6.05 and a 200 day moving average of $7.24. The stock has a market cap of $3.30 billion, a PE ratio of -5.27 and a beta of 0.60. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.06.

Webull (NASDAQ:BULLGet Free Report) last issued its earnings results on Wednesday, March 4th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $165.20 million during the quarter, compared to analysts’ expectations of $159.99 million. Webull had a net margin of 4.34% and a return on equity of 34.33%. The company’s quarterly revenue was up 49.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Webull Corporation will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Webull

A number of large investors have recently bought and sold shares of BULL. Lunate Capital Ltd purchased a new stake in Webull in the third quarter valued at approximately $231,084,000. Yong Rong HK Asset Management Ltd purchased a new stake in Webull in the fourth quarter valued at approximately $38,850,000. State Street Corp boosted its position in Webull by 23,123.1% in the fourth quarter. State Street Corp now owns 4,342,717 shares of the company’s stock valued at $33,743,000 after buying an additional 4,324,017 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Webull by 491.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock valued at $20,789,000 after acquiring an additional 3,359,441 shares during the period. Finally, Geode Capital Management LLC boosted its position in Webull by 938.5% in the 4th quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock worth $28,230,000 after purchasing an additional 3,283,295 shares in the last quarter. Hedge funds and other institutional investors own 92.48% of the company’s stock.

About Webull

(Get Free Report)

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.

Further Reading

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