Barclays Issues Positive Forecast for Wallbox (NYSE:WBX) Stock Price

Wallbox (NYSE:WBX - Get Free Report) had its target price increased by Barclays to $7.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 18.34% from the stock's current price.

A number of other research analysts also recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Wallbox from $20.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Chardan Capital upgraded shares of Wallbox to a "hold" rating in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.40.

Wallbox Stock Down 3.8%

WBX stock traded down $0.24 during trading on Thursday, reaching $5.92. The stock had a trading volume of 14,454 shares, compared to its average volume of 25,935. Wallbox has a one year low of $4.60 and a one year 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's 50 day moving average is $6.30 and its two-hundred day moving average is $7.45.

Institutional Trading of Wallbox

Institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new stake in shares of Wallbox during the 1st quarter valued at $25,000. Cubist Systematic Strategies LLC bought a new position in shares of Wallbox during the 4th quarter valued at $32,000. Group One Trading LLC grew its holdings 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 $54,000. Finally, XTX Topco Ltd bought a new position in shares of Wallbox during the 4th quarter valued at $76,000. Hedge funds and other institutional investors own 36.94% of the company's stock.

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.