Chardan Capital Upgrades Wallbox (NYSE:WBX) to Hold

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

Other analysts have also recently issued reports about the company. Stifel Nicolaus reduced their price target on Wallbox from $1.50 to $1.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Canaccord Genuity Group cut their price target on shares of Wallbox from $1.00 to $0.75 and set a "buy" rating on the stock in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $1.06.

Wallbox Price Performance

Shares of NYSE WBX traded down $0.01 during mid-day trading on Wednesday, hitting $0.34. 292,926 shares of the stock traded hands, compared to its average volume of 505,061. Wallbox has a twelve month low of $0.25 and a twelve month high of $1.64. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. The firm has a 50 day simple moving average of $0.33 and a two-hundred day simple moving average of $0.44.

Institutional Trading of Wallbox

A number of large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Wallbox in the 4th quarter valued at about $32,000. Larson Financial Group LLC purchased a new position in shares of Wallbox in the 1st quarter worth approximately $25,000. Group One Trading LLC boosted its stake in shares of Wallbox by 2,888.3% in the 4th quarter. Group One Trading LLC now owns 81,910 shares of the company's stock worth $41,000 after buying an additional 79,169 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of Wallbox in the 4th quarter worth approximately $54,000. Finally, XTX Topco Ltd purchased a new position in shares of Wallbox in the 4th quarter worth approximately $76,000. 36.94% of the stock is currently owned by institutional investors and hedge funds.

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.