Wallbox (NYSE:WBX) Upgraded by Chardan Capital to Hold Rating

Chardan Capital upgraded shares of Wallbox (NYSE:WBX - Free Report) to a hold rating in a research note published on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on WBX. Canaccord Genuity Group reduced their target price on Wallbox from $1.50 to $1.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Stifel Nicolaus dropped their target price on shares of Wallbox from $1.50 to $1.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Finally, UBS Group dropped their price objective on shares of Wallbox from $1.25 to $0.50 and set a "neutral" rating for the company in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $1.13.

Wallbox Price Performance

Shares of Wallbox stock traded up $0.01 on Tuesday, reaching $0.36. The stock had a trading volume of 193,292 shares, compared to its average volume of 489,087. Wallbox has a fifty-two week low of $0.25 and a fifty-two week high of $1.64. The business's 50-day moving average price is $0.35 and its two-hundred day moving average price is $0.53. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.16 and a quick ratio of 0.68.

Institutional Investors Weigh In On Wallbox

Several large investors have recently made changes to their positions in WBX. JPMorgan Chase & Co. bought a new stake in shares of Wallbox in the fourth quarter valued at about $84,000. XTX Topco Ltd acquired a new stake in shares of Wallbox in the fourth quarter valued at approximately $76,000. Alpine Global Management LLC acquired a new stake in shares of Wallbox in the fourth quarter valued at approximately $54,000. Cubist Systematic Strategies LLC acquired a new position in Wallbox during the fourth quarter worth $32,000. Finally, Group One Trading LLC boosted its holdings 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 purchasing an additional 79,169 shares during the last quarter. 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.