Wallbox N.V. (NYSE:WBX) Receives $21.25 Consensus PT from Brokerages

Shares of Wallbox N.V. (NYSE:WBX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.40.

A number of research analysts recently issued reports on the company. Chardan Capital raised Wallbox to a "hold" rating in a report on Wednesday, May 28th. Barclays upped their price target on Wallbox to $7.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Canaccord Genuity Group lowered their target price on Wallbox from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, May 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new position in shares of Wallbox during the 4th quarter worth $32,000. Larson Financial Group LLC purchased a new stake in shares of Wallbox in the 1st quarter valued at about $25,000. Group One Trading LLC increased its position in shares of Wallbox by 2,888.3% during the 4th quarter. Group One Trading LLC now owns 81,910 shares of the company's stock valued at $41,000 after purchasing an additional 79,169 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of Wallbox during the 4th quarter valued at about $54,000. Finally, XTX Topco Ltd bought a new position in shares of Wallbox during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 36.94% of the company's stock.

Wallbox Trading Down 4.6%

Shares of NYSE:WBX traded down $0.30 during trading on Thursday, reaching $6.18. The stock had a trading volume of 17,370 shares, compared to its average volume of 19,493. Wallbox has a 52 week low of $4.60 and a 52 week high of $32.80. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 1.07. The stock has a fifty day simple moving average of $6.30 and a two-hundred day simple moving average of $7.51.

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.