Wallbox (NYSE:WBX) Raised to Hold at Chardan Capital

Chardan Capital upgraded shares of Wallbox (NYSE:WBX - Free Report) to a hold rating in a research note released on Tuesday, April 29th,Zacks.com reports.

Several other brokerages have also weighed in on WBX. Canaccord Genuity Group decreased their price objective on Wallbox from $1.50 to $1.00 and set a "buy" rating on the stock in a report on Friday, February 28th. UBS Group decreased their price target on shares of Wallbox from $1.25 to $0.50 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, Stifel Nicolaus dropped their price objective on shares of Wallbox from $1.50 to $1.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $1.13.

Wallbox Stock Up 0.3 %

Shares of WBX traded up $0.00 during trading hours on Tuesday, reaching $0.37. 105,625 shares of the company traded hands, compared to its average volume of 486,000. Wallbox has a 1-year low of $0.25 and a 1-year high of $1.64. The stock's fifty day moving average is $0.35 and its 200 day moving average is $0.52. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On Wallbox

A number of hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Wallbox in the fourth quarter valued at $32,000. Larson Financial Group LLC acquired a new stake in shares of Wallbox in the first quarter valued at approximately $25,000. Group One Trading LLC boosted 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 shares of Wallbox in the 4th quarter valued at $54,000. Finally, XTX Topco Ltd acquired a new stake in shares of Wallbox in the 4th quarter valued at $76,000. Institutional investors and hedge funds own 36.94% of the company's stock.

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.