In a report released yesterday, Stephen Gengaro from Stifel Nicolaus maintained a Buy rating on Wallbox (WBX – Research Report), with a price target of $6.00. The company’s shares closed yesterday at $3.18.
According to TipRanks, Gengaro is a 4-star analyst with an average return of 8.1% and a 48.98% success rate. Gengaro covers the Energy sector, focusing on stocks such as Cactus, ProFrac Holding, and Smart Sand.
Currently, the analyst consensus on Wallbox is a Strong Buy with an average price target of $7.00, a 120.13% upside from current levels. In a report released on August 2, Robert W. Baird also maintained a Buy rating on the stock with a $5.00 price target.
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The company has a one-year high of $10.42 and a one-year low of $2.44. Currently, Wallbox has an average volume of 820.9K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WBX in relation to earlier this year.
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Kensington Capital Acquisition Corp II is a blank check company.
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