Wallbox (NYSE:WBX - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at UBS Group in a research note issued on Monday, Marketbeat.com reports. They currently have a $6.00 price objective on the stock, down from their prior price objective of $8.00. UBS Group's price target indicates a potential upside of 37.93% from the stock's current price.
WBX has been the subject of a number of other research reports. Canaccord Genuity Group decreased their price objective on shares of Wallbox from $15.00 to $9.00 and set a "buy" rating for the company in a report on Friday, August 1st. Barclays lifted their price objective on shares of Wallbox to $7.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Chardan Capital raised shares of Wallbox to a "hold" rating in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Wallbox currently has an average rating of "Moderate Buy" and a consensus price target of $16.40.
View Our Latest Stock Analysis on Wallbox
Wallbox Stock Performance
Shares of WBX stock traded up $0.06 during mid-day trading on Monday, reaching $4.35. 16,809 shares of the company were exchanged, compared to its average volume of 21,260. The business's 50 day simple moving average is $6.05 and its 200 day simple moving average is $7.08. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 1.07. Wallbox has a fifty-two week low of $4.15 and a fifty-two week high of $31.80.
Institutional Investors Weigh In On Wallbox
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in Wallbox in the fourth quarter valued at $84,000. Group One Trading LLC lifted its stake in Wallbox by 2,888.3% in the fourth quarter. Group One Trading LLC now owns 81,910 shares of the company's stock valued at $41,000 after buying an additional 79,169 shares during the last quarter. Alpine Global Management LLC bought a new stake in Wallbox in the fourth quarter valued at $54,000. Cubist Systematic Strategies LLC bought a new stake in shares of Wallbox during the fourth quarter valued at about $32,000. Finally, XTX Topco Ltd bought a new stake in shares of Wallbox during the fourth quarter valued at about $76,000. 36.94% of the stock is currently owned by institutional investors.
About Wallbox
(
Get Free Report)
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.
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