Webull (NASDAQ:BULL) Stock Price Up 9.5% – Here’s Why

Webull Corporation (NASDAQ:BULL)’s stock price was up 9.5% during trading on Wednesday . The company traded as high as $5.88 and last traded at $6.0220. Approximately 2,045,177 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 12,225,116 shares. The stock had previously closed at $5.50.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BULL shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $12.00 price target on shares of Webull in a report on Wednesday. Zacks Research downgraded shares of Webull from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings raised shares of Webull from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Compass Point started coverage on shares of Webull in a report on Monday, March 9th. They issued a “buy” rating and a $9.00 price target for the company. Finally, Wall Street Zen downgraded shares of Webull from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Webull has an average rating of “Moderate Buy” and an average target price of $13.00.

Webull Price Performance

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.26 billion, a PE ratio of -5.30 and a beta of 0.56. The stock’s 50-day moving average is $6.27 and its two-hundred day moving average is $6.95.

Institutional Trading of Webull

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in Webull in the 3rd quarter worth about $26,000. Osaic Holdings Inc. purchased a new stake in Webull in the 2nd quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new stake in Webull in the 4th quarter worth about $34,000. Jones Financial Companies Lllp raised its position in Webull by 860.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock worth $45,000 after purchasing an additional 2,651 shares during the period. Finally, Ritter Alpha LP purchased a new stake in Webull in the 1st quarter worth about $48,000. 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.