Wallbox (NYSE:WBX – Get Rating) gapped up before the market opened on Thursday . The stock had previously closed at $9.04, but opened at $9.30. Wallbox shares last traded at $9.30, with a volume of 91 shares trading hands.
Wall Street Analyst Weigh In
Several research analysts have weighed in on WBX shares. Canaccord Genuity Group started coverage on Wallbox in a research report on Wednesday, July 13th. They issued a “buy” rating and a $14.00 target price on the stock. Stifel Nicolaus lowered their target price on Wallbox from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Cowen began coverage on Wallbox in a report on Wednesday, May 25th. They issued an “outperform” rating and a $14.00 target price on the stock. Bank of America began coverage on Wallbox in a report on Friday, May 27th. They issued a “neutral” rating on the stock. Finally, Cowen started coverage on Wallbox in a report on Wednesday, May 25th. They issued an “outperform” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Wallbox currently has a consensus rating of “Moderate Buy” and an average price target of $16.30.
Wallbox Stock Up 5.4 %
The company has a current ratio of 1.48, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $9.00 and a 200 day moving average of $10.40.
Institutional Investors Weigh In On Wallbox
Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks.
- Get a free copy of the StockNews.com research report on Wallbox (WBX)
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