Wallbox (NYSE:WBX) Stock Rating Upgraded by Chardan Capital

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

Several other research firms also recently weighed in on WBX. Canaccord Genuity Group lowered their target price on Wallbox from $1.00 to $0.75 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Stifel Nicolaus lowered their target price on Wallbox from $1.50 to $1.00 and set a "hold" rating on the stock in a research report 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. According to MarketBeat.com, Wallbox has an average rating of "Hold" and an average price target of $1.06.

Wallbox Trading Up 3.6%

Shares of WBX stock traded up $0.01 on Wednesday, reaching $0.35. The stock had a trading volume of 812,802 shares, compared to its average volume of 506,600. Wallbox has a 1 year low of $0.25 and a 1 year high of $1.64. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 1.16. The company has a 50 day simple moving average of $0.33 and a 200 day simple moving average of $0.45.

Institutional Investors Weigh In On Wallbox

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in Wallbox during the fourth quarter valued at about $84,000. XTX Topco Ltd bought a new stake in Wallbox during the fourth quarter valued at about $76,000. Alpine Global Management LLC bought a new stake in shares of Wallbox in the fourth quarter worth about $54,000. Group One Trading LLC increased its holdings in shares of Wallbox by 2,888.3% in 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. Finally, Larson Financial Group LLC bought a new stake in shares of Wallbox in the first quarter worth about $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.