Webull (NASDAQ:BULL) Reaches New 1-Year Low – Should You Sell?

Webull Corporation (NASDAQ:BULL) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.09 and last traded at $9.12, with a volume of 11737983 shares. The stock had previously closed at $9.77.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BULL. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Webull in a research note on Wednesday, October 8th. Northland Securities began coverage on Webull in a report on Thursday, September 4th. They set an “outperform” rating and a $18.00 price target on the stock. Northland Capmk upgraded shares of Webull to a “strong-buy” rating in a research report on Thursday, September 4th. Rosenblatt Securities assumed coverage on shares of Webull in a research note on Thursday, September 25th. They set a “buy” rating and a $19.00 price target for the company. Finally, Zacks Research upgraded Webull to a “hold” rating in a research report on Friday, September 5th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Webull Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.27 billion, a PE ratio of -7.71 and a beta of -0.17. The firm has a 50-day moving average price of $12.10 and a 200 day moving average price of $12.97.

Institutional Trading of Webull

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc bought a new position in shares of Webull in the third quarter valued at approximately $26,000. Osaic Holdings Inc. acquired a new position in Webull in the 2nd quarter worth about $30,000. Jones Financial Companies Lllp lifted its stake in Webull by 860.7% in the third quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock valued at $45,000 after acquiring an additional 2,651 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Webull in the second quarter worth $69,000. Finally, Quantbot Technologies LP bought a new position in shares of Webull in the 2nd quarter valued at approximately $71,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

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.