Wallbox N.V. (NYSE:WBX) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Wallbox N.V. has received a consensus rating of "Moderate Buy" from six analysts, with three holding a buy rating and three issuing a hold rating.
• The average 12-month target price for Wallbox stock among brokerages is $16.40, despite recent adjustments from various analysts.
• Institutional investors own 36.94% of Wallbox shares, with significant recent investments from firms like JPMorgan Chase & Co. and Group One Trading LLC.

Shares of Wallbox N.V. (NYSE:WBX - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.40.

A number of research firms have recently weighed in on WBX. Chardan Capital raised Wallbox to a "hold" rating in a report on Wednesday, May 28th. Canaccord Genuity Group dropped their target price on Wallbox from $15.00 to $9.00 and set a "buy" rating for the company in a report on Friday, August 1st. UBS Group reissued a "neutral" rating and set a $6.00 target price (down previously from $8.00) on shares of Wallbox in a report on Monday, August 4th. Finally, Barclays lifted their target price on Wallbox to $7.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th.

Wallbox Trading Down 0.2%

WBX stock traded down $0.01 during midday trading on Monday, reaching $4.55. 19,647 shares of the company were exchanged, compared to its average volume of 20,616. 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 business has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $6.73. Wallbox has a one year low of $4.15 and a one year high of $31.80.

Hedge Funds Weigh In On Wallbox

Several hedge funds have recently bought and sold shares of WBX. JPMorgan Chase & Co. acquired a new position in Wallbox during the fourth quarter worth about $84,000. XTX Topco Ltd acquired a new position in Wallbox during the fourth quarter worth about $76,000. Alpine Global Management LLC acquired a new position in Wallbox during the fourth quarter worth about $54,000. Group One Trading LLC raised its stake in Wallbox by 2,888.3% during the fourth quarter. Group One Trading LLC now owns 81,910 shares of the company's stock worth $41,000 after acquiring an additional 79,169 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Wallbox during the first quarter worth about $25,000. 36.94% of the stock is owned by institutional investors.

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.