Webull (NASDAQ:BULL) Sets New 12-Month Low – Here’s Why

Webull Corporation (NASDAQ:BULL)’s stock price hit a new 52-week low on Thursday . The company traded as low as $5.03 and last traded at $5.0760, with a volume of 3916696 shares traded. The stock had previously closed at $5.18.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Rosenblatt Securities reduced their price target on shares of Webull from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Zacks Research downgraded shares of Webull from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Webull in a report on Monday, December 29th. Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Compass Point assumed coverage on shares of Webull in a report on Monday, March 9th. They issued a “buy” rating and a $9.00 target price on the stock. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Webull Stock Performance

The company has a market cap of $2.53 billion, a PE ratio of -4.28 and a beta of -0.04. The company has a quick ratio of 1.40, a current ratio of 1.33 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $6.29 and a 200-day moving average of $9.04.

Hedge Funds Weigh In On Webull

A number of hedge funds have recently bought and sold shares of BULL. Lunate Capital Ltd bought a new stake in shares of Webull in the 3rd quarter worth $231,084,000. HSG Holding Ltd purchased a new position in Webull during the second quarter worth about $113,109,000. General Atlantic L.P. purchased a new position in Webull during the second quarter worth about $85,491,000. Yong Rong HK Asset Management Ltd bought a new stake in Webull in the 4th quarter worth about $38,850,000. Finally, State Street Corp grew its position in Webull by 23,123.1% in the 4th quarter. State Street Corp now owns 4,342,717 shares of the company’s stock worth $33,743,000 after purchasing an additional 4,324,017 shares in the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.

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.