Wallbox (NYSE:WBX – Get Rating) traded up 4.6% during mid-day trading on Friday . The stock traded as high as $4.56 and last traded at $4.56. 349 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 521,305 shares. The stock had previously closed at $4.36.
Analyst Ratings Changes
WBX has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of Wallbox from $14.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, January 10th. Northland Securities initiated coverage on shares of Wallbox in a research note on Tuesday, November 22nd. They set an "outperform" rating and a $16.00 price objective on the stock. Robert W. Baird reduced their price objective on shares of Wallbox from $20.00 to $14.00 in a research note on Thursday, November 10th. Canaccord Genuity Group reduced their price objective on shares of Wallbox from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Thursday, November 10th. Finally, Credit Suisse Group reduced their price objective on shares of Wallbox from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Friday, December 2nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Wallbox presently has an average rating of "Moderate Buy" and an average price target of $14.09.
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Wallbox Stock Up 8.5 %
The firm's 50-day moving average price is $4.54 and its 200-day moving average price is $6.92. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.15.
Institutional Investors Weigh In On Wallbox
A number of large investors have recently added to or reduced their stakes in WBX. Advisors Asset Management Inc. boosted its stake in Wallbox by 207.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,024 shares of the company's stock valued at $47,000 after acquiring an additional 4,065 shares during the last quarter. Creative Planning bought a new position in Wallbox during the 3rd quarter valued at $81,000. LPL Financial LLC bought a new position in Wallbox during the 2nd quarter valued at $98,000. Goldman Sachs Group Inc. bought a new position in Wallbox during the 1st quarter valued at $237,000. Finally, Polar Capital Holdings Plc bought a new position in Wallbox during the 1st quarter valued at $323,000. 5.31% of the stock is owned by institutional investors and hedge funds.
Wallbox Company Profile
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Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; 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, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; 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.
Further Reading
- Get a free copy of the StockNews.com research report on Wallbox (WBX)
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