Wallbox N.V. (NYSE:WBX) Receives $16.40 Average Target Price from Brokerages

Shares of Wallbox N.V. (NYSE:WBX) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.40.

A number of research firms recently issued reports on WBX. UBS Group reissued a “neutral” rating and set a $6.00 price target (down previously from $8.00) on shares of Wallbox in a report on Monday, August 4th. Canaccord Genuity Group reduced their price target on shares of Wallbox from $15.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Chardan Capital upgraded shares of Wallbox to a “hold” rating in a research report on Wednesday, May 28th. Finally, Barclays raised their price objective on shares of Wallbox to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th.

Wallbox Trading Down 3.1%

NYSE WBX opened at $4.03 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.90 and a quick ratio of 0.50. Wallbox has a 52-week low of $3.69 and a 52-week high of $27.60. The business’s 50-day moving average price is $4.93 and its 200 day moving average price is $6.09.

Institutional Trading of Wallbox

Several hedge funds and other institutional investors have recently bought and sold shares of WBX. Larson Financial Group LLC purchased a new stake in Wallbox in the 1st quarter worth approximately $25,000. Cubist Systematic Strategies LLC purchased a new stake in Wallbox in the 4th quarter worth approximately $32,000. Group One Trading LLC grew its stake in Wallbox by 2,888.3% in the 4th quarter. Group One Trading LLC now owns 81,910 shares of the company’s stock worth $41,000 after acquiring an additional 79,169 shares during the period. Finally, Alpine Global Management LLC purchased a new stake in Wallbox in the 4th quarter worth approximately $54,000. 36.94% of the stock is owned by hedge funds and other 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.