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Shares of Wallbox (NYSE:WBX - Get Rating) have received an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.56.
A number of equities analysts have weighed in on WBX shares. Stifel Nicolaus decreased their target price on shares of Wallbox from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, August 11th. UBS Group decreased their target price on shares of Wallbox from $25.00 to $18.00 in a research note on Wednesday, May 18th. Cowen started coverage on shares of Wallbox in a research note on Wednesday, May 25th. They set an "outperform" rating and a $14.00 target price for the company. Bank of America started coverage on shares of Wallbox in a research note on Friday, May 27th. They set a "neutral" rating for the company. Finally, Canaccord Genuity Group assumed coverage on shares of Wallbox in a research note on Wednesday, July 13th. They set a "buy" rating and a $14.00 target price for the company.Institutional Investors Weigh In On Wallbox
Several institutional investors and hedge funds have recently added to or reduced their stakes in WBX. Maven Securities LTD purchased a new stake in Wallbox in the fourth quarter worth approximately $93,000. LPL Financial LLC purchased a new stake in Wallbox in the second quarter worth approximately $98,000. State of Tennessee Treasury Department purchased a new stake in Wallbox in the first quarter worth approximately $193,000. Goldman Sachs Group Inc. boosted its holdings in Wallbox by 17.0% in the second quarter. Goldman Sachs Group Inc. now owns 21,747 shares of the company's stock worth $193,000 after purchasing an additional 3,161 shares during the last quarter. Finally, Polar Capital Holdings Plc purchased a new stake in Wallbox in the first quarter worth approximately $323,000. Hedge funds and other institutional investors own 4.13% of the company's stock. Wallbox Price Performance
WBX stock opened at $8.68 on Friday. Wallbox has a 1 year low of $8.01 and a 1 year high of $27.50. The firm has a 50-day moving average of $9.19 and a 200 day moving average of $10.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.48 and a quick ratio of 1.31. Wallbox Company Profile (Get Rating)
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 ReadingGet a free copy of the StockNews.com research report on Wallbox (WBX)Could Nike Stock be Oversold, but Still Overvalued?Is Alcoa A Buy After Strong Q2 Results And More Share Buybacks?Will Royal Caribbean's Broadband Partnership Drive Revenue?Chip Gear Maker Entegris Has Potential, But Is It Buyable Now?DocuSign Has Important Issues to Address When it Reports Earnings
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