Wallbox (NYSE:WBX) Shares Down 0.5% – Time to Sell?

Wallbox N.V. (NYSE:WBX) traded down 0.5% on Monday . The company traded as low as $3.90 and last traded at $3.93. 5,874 shares were traded during mid-day trading, a decline of 66% from the average session volume of 17,463 shares. The stock had previously closed at $3.95.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays raised their target price on Wallbox to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Chardan Capital upgraded Wallbox to a “hold” rating in a research report on Wednesday, May 28th. UBS Group reaffirmed a “neutral” rating and set a $6.00 price target (down from $8.00) on shares of Wallbox in a report on Monday, August 4th. Finally, Canaccord Genuity Group dropped their price target on Wallbox from $15.00 to $9.00 and set a “buy” rating for the company in a report on Friday, August 1st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Wallbox Stock Performance

The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average of $5.09 and a 200-day moving average of $6.25.

Institutional Investors Weigh In On Wallbox

Several institutional investors have recently made changes to their positions in WBX. Alpine Global Management LLC bought a new stake in shares of Wallbox in the fourth quarter valued at approximately $54,000. Group One Trading LLC increased its holdings in shares of Wallbox by 2,888.3% during the fourth quarter. Group One Trading LLC now owns 81,910 shares of the company’s stock worth $41,000 after buying an additional 79,169 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Wallbox during the first quarter worth $25,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Wallbox in the fourth quarter valued at $32,000. 36.94% of the stock is currently owned by institutional investors.

About Wallbox

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use worldwide. The company operates in three segments: Europe-Middle East and Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, Pulsar Plus Socket, Pulsar Max, and Pulsar Pro, an AC smart chargers for home and shared spaces; 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 2, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle; 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; as well as Wallbox ABL eM4 Single and Twin chargers and eMC3 charging pole.