Wallbox N.V. (NYSE:WBX) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Wallbox N.V. has received a consensus rating of "Hold" from seven research firms, with a range of recommendations that include one sell, three holds, and three buys.
• The average 1-year price target for Wallbox shares is $16.40, with varying targets from different brokers, including an updated target of $7.00 from Barclays.
• Wallbox's stock price increased by 8.3% recently, opening at $5.67, with a 1-year trading range between $3.69 and $23.80.

Wallbox N.V. (NYSE:WBX - Get Free Report) has earned a consensus rating of "Hold" from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $16.40.

WBX has been the topic of several research reports. Barclays upped their target price on Wallbox to $7.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Canaccord Genuity Group decreased their price objective on shares of Wallbox from $15.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. UBS Group reissued a "neutral" rating and issued a $6.00 price objective (down from $8.00) on shares of Wallbox in a research note on Monday, August 4th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Wallbox in a research report on Saturday, September 27th.

Wallbox Trading Up 8.3%

WBX opened at $5.67 on Tuesday. Wallbox has a 1-year low of $3.69 and a 1-year high of $23.80. The stock's 50 day simple moving average is $4.44 and its 200 day simple moving average is $5.79. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.52 and a current ratio of 0.89.

Institutional Investors Weigh In On Wallbox

An institutional investor recently bought a new position in Wallbox stock. Larson Financial Group LLC purchased a new position in shares of Wallbox N.V. (NYSE:WBX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,000 shares of the company's stock, valued at approximately $25,000. 36.94% of the stock is owned by institutional investors.

Wallbox Company Profile

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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