Webull (NASDAQ:BULL) Shares Gap Up – Should You Buy?

Webull Corporation (NASDAQ:BULL) gapped up prior to trading on Wednesday . The stock had previously closed at $8.70, but opened at $9.35. Webull shares last traded at $9.16, with a volume of 7,301,680 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BULL. Rosenblatt Securities reduced their price objective on Webull from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Webull in a report on Monday. Northland Capmk raised shares of Webull to a “strong-buy” rating in a report on Thursday, September 4th. Wall Street Zen raised shares of Webull from a “strong sell” rating to a “hold” rating in a research report on Sunday. Finally, Northland Securities started coverage on shares of Webull in a report on Thursday, September 4th. They issued an “outperform” rating and a $18.00 target price on the stock. One investment 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.50.

Webull Stock Up 5.3%

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $11.41 and its 200 day moving average price is $12.61. The firm has a market cap of $4.53 billion, a P/E ratio of -8.18 and a beta of -0.17.

Institutional Investors Weigh In On Webull

Several large investors have recently made changes to their positions in BULL. Legal & General Group Plc acquired a new position in shares of Webull during the third quarter worth approximately $26,000. Osaic Holdings Inc. bought a new stake in Webull during the 2nd quarter valued at $30,000. Jones Financial Companies Lllp boosted its position in Webull by 860.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock worth $45,000 after acquiring an additional 2,651 shares during the period. Tower Research Capital LLC TRC acquired a new position in Webull during the 2nd quarter worth $69,000. Finally, Quantbot Technologies LP bought a new position in shares of Webull in the second quarter worth $71,000. Institutional investors and hedge funds own 92.48% of the company’s stock.

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.