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

Webull Corporation (NASDAQ:BULLGet Free Report)’s share price was down 4.9% during trading on Friday . The stock traded as low as $6.23 and last traded at $6.2850. Approximately 8,281,737 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 12,016,602 shares. The stock had previously closed at $6.61.

Key Webull News

Here are the key news stories impacting Webull this week:

Wall Street Analyst Weigh In

Several equities research analysts have commented on BULL shares. Zacks Research lowered Webull from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Webull in a research report on Friday, March 27th. Rosenblatt Securities restated a “buy” rating and issued a $12.00 price objective on shares of Webull in a research report on Tuesday, April 21st. Wall Street Zen lowered Webull from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Compass Point started coverage on Webull in a research report on Monday, March 9th. They issued a “buy” rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Webull currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Get Our Latest Analysis on BULL

Webull Trading Down 6.2%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -5.27 and a beta of 0.60. The company has a 50 day moving average price of $6.05 and a two-hundred day moving average price of $7.24.

Webull (NASDAQ:BULLGet Free Report) last announced its earnings results on Wednesday, March 4th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Webull had a return on equity of 34.33% and a net margin of 4.34%.The business had revenue of $165.20 million for the quarter, compared to analyst estimates of $159.99 million. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis. On average, research analysts forecast that Webull Corporation will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC acquired a new position in Webull in the 1st quarter valued at $193,000. EverSource Wealth Advisors LLC raised its stake in Webull by 731.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 14,260 shares of the company’s stock valued at $68,000 after purchasing an additional 12,544 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Webull in the 1st quarter valued at $1,584,000. SummitTX Capital L.P. raised its stake in Webull by 126.0% in the 1st quarter. SummitTX Capital L.P. now owns 245,192 shares of the company’s stock valued at $1,177,000 after purchasing an additional 136,716 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Webull in the 1st quarter valued at $216,000. 92.48% of the stock is owned by institutional investors and hedge funds.

Webull Company Profile

(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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