Shares of Wallbox (NYSE:WBX – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $6.93.
A number of brokerages have recently commented on WBX. TD Cowen downgraded Wallbox from an “outperform” rating to a “market perform” rating and set a $4.00 target price on the stock. in a research note on Thursday, August 3rd. Canaccord Genuity Group lowered their target price on Wallbox from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Bank of America lowered their target price on Wallbox from $5.00 to $4.00 in a research note on Thursday, August 10th. UBS Group downgraded Wallbox from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $5.00 to $3.00 in a research note on Wednesday, September 27th. Finally, Chardan Capital downgraded Wallbox from a “buy” rating to a “neutral” rating and set a $2.25 target price on the stock. in a research note on Thursday, October 19th.
Hedge Funds Weigh In On Wallbox
Wallbox Stock Performance
Wallbox stock opened at $1.57 on Wednesday. Wallbox has a fifty-two week low of $1.47 and a fifty-two week high of $7.34. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. The business’s 50-day simple moving average is $2.40 and its two-hundred day simple moving average is $3.06.
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; Quasar1 & 2, 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.
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