Wallbox (NYSE:WBX – Free Report) had its target price lowered by UBS Group from $4.00 to $3.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.
Wallbox Price Performance
Shares of WBX stock opened at $3.30 on Thursday. Wallbox has a twelve month low of $2.30 and a twelve month high of $8.00. The stock’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $3.57.
Wallbox (NYSE:WBX – Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.54. Wallbox had a negative net margin of 71.11% and a negative return on equity of 569.20%. The business had revenue of $39.55 million during the quarter, compared to analysts’ expectations of $42.82 million.
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.
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