Wallbox (NYSE:WBX) Trading Up 0.5% – Here’s Why

Wallbox N.V. (NYSE:WBX) traded up 0.5% on Monday . The stock traded as high as $3.08 and last traded at $2.9950. 8,087 shares were traded during trading, a decline of 79% from the average session volume of 37,685 shares. The stock had previously closed at $2.98.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group set a $4.00 target price on Wallbox and gave the company a “neutral” rating in a research note on Thursday, December 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Wallbox in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group lowered their price objective on Wallbox from $9.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Wallbox has a consensus rating of “Hold” and an average target price of $9.00.

Wallbox Price Performance

The company has a debt-to-equity ratio of 2.21, a current ratio of 0.89 and a quick ratio of 0.52. The company has a 50-day moving average price of $3.19 and a two-hundred day moving average price of $4.44.

Wallbox (NYSE:WBX) last issued its earnings results on Wednesday, November 5th. The company reported ($0.07) EPS for the quarter. The business had revenue of $41.64 million during the quarter.

About Wallbox

Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.

Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.