Posted by admin on Aug 8th, 2022
Wallbox (NYSE:WBX – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.00.
Several equities research analysts have weighed in on WBX shares. UBS Group lowered their target price on Wallbox from $25.00 to $18.00 in a report on Wednesday, May 18th. Bank of America assumed coverage on Wallbox in a research report on Friday, May 27th. They set a “neutral” rating on the stock. Canaccord Genuity Group assumed coverage on Wallbox in a research report on Wednesday, July 13th. They issued a “buy” rating and a $14.00 target price on the stock. Stifel Nicolaus cut their target price on Wallbox from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, June 22nd. Finally, Barclays initiated coverage on Wallbox in a research note on Friday. They set an “overweight” rating and a $14.00 target price for the company.
Several large investors have recently made changes to their positions in WBX. Janney Montgomery Scott LLC acquired a new stake in shares of Wallbox during the 4th quarter worth about $173,000. Salient Capital Advisors LLC bought a new position in Wallbox during the fourth quarter worth about $188,000. Invesco Ltd. bought a new position in Wallbox during the fourth quarter worth about $25,937,000. Maven Securities LTD bought a new position in Wallbox during the fourth quarter worth about $93,000. Finally, Luxor Capital Group LP bought a new position in Wallbox during the fourth quarter worth about $8,084,000. Institutional investors own 33.20% of the company’s stock.
Shares of NYSE:WBX opened at $9.78 on Monday. Wallbox has a 1-year low of $8.01 and a 1-year high of $27.50. The business has a fifty day moving average price of $9.22 and a 200-day moving average price of $11.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.48.
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.
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