Webull (NASDAQ:BULL) Sets New 52-Week Low – Here’s Why

Webull Corporation (NASDAQ:BULL)’s share price reached a new 52-week low on Thursday . The stock traded as low as $4.50 and last traded at $4.5550, with a volume of 1209169 shares trading hands. The stock had previously closed at $4.74.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Zacks Research lowered shares of Webull from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Webull in a research note on Friday, March 27th. Compass Point started coverage on shares of Webull in a report on Monday, March 9th. They set a “buy” rating and a $9.00 target price for the company. Rosenblatt Securities decreased their target price 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. Finally, Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Webull Stock Performance

The firm has a market capitalization of $2.42 billion, a PE ratio of -4.08 and a beta of 0.11. The company’s 50-day moving average price is $5.85 and its 200-day moving average price is $8.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.40 and a current ratio of 1.33.

Institutional Trading of Webull

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC acquired a new stake in shares of Webull during the second quarter worth $3,810,000. Quantbot Technologies LP purchased a new stake in Webull in the second quarter valued at approximately $71,000. Marshall Wace LLP acquired a new position in Webull during the second quarter worth approximately $14,771,000. Sassicaia Capital Advisers LLC acquired a new position in Webull during the second quarter worth approximately $1,770,000. Finally, Azora Capital LP purchased a new position in Webull during the second quarter worth approximately $9,216,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

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.