Wallbox N.V. (NYSE:WBX) Receives $21.25 Consensus Target Price from Analysts

Wallbox N.V. (NYSE:WBX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $18.40.

Several equities analysts have recently weighed in on the company. Chardan Capital upgraded Wallbox to a "hold" rating in a report on Wednesday, May 28th. Canaccord Genuity Group cut their price objective on Wallbox from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Barclays lifted their price objective on Wallbox to $7.00 and gave the company an "overweight" rating in a report on Thursday.

Institutional Investors Weigh In On Wallbox

A number of hedge funds and other institutional investors have recently bought and sold shares of WBX. Larson Financial Group LLC acquired a new stake in Wallbox in the 1st quarter valued at approximately $25,000. Cubist Systematic Strategies LLC acquired a new stake in Wallbox in the 4th quarter valued at approximately $32,000. Group One Trading LLC raised its position in Wallbox by 2,888.3% in the 4th 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 acquired a new stake in Wallbox in the 4th quarter valued at approximately $54,000. Finally, XTX Topco Ltd acquired a new stake in Wallbox in the 4th quarter valued at approximately $76,000. Institutional investors and hedge funds own 36.94% of the company's stock.

Wallbox Price Performance

Shares of NYSE:WBX traded down $0.30 during trading on Thursday, hitting $6.18. 17,370 shares of the company's stock traded hands, 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 company has a 50-day moving average price of $6.30 and a 200-day moving average price of $7.48.

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.