Posted by admin on Aug 7th, 2022
Equities researchers at Barclays started coverage on shares of Wallbox (NYSE:WBX – Get Rating) in a report issued on Friday, Marketbeat reports. The firm set an “overweight” rating and a $14.00 price target on the stock. Barclays‘s price objective indicates a potential upside of 43.15% from the company’s current price.
A number of other brokerages also recently issued reports on WBX. Bank of America began coverage on shares of Wallbox in a research report on Friday, May 27th. They set a “neutral” rating on the stock. Canaccord Genuity Group assumed coverage on shares of Wallbox in a research note on Wednesday, July 13th. They issued a “buy” rating and a $14.00 price target for the company. UBS Group cut their price objective on Wallbox from $25.00 to $18.00 in a research report on Wednesday, May 18th. Stifel Nicolaus decreased their target price on Wallbox from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, June 22nd. Finally, Canaccord Genuity Group initiated coverage on Wallbox in a research note on Wednesday, July 13th. They issued a “buy” rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Wallbox currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.
NYSE WBX opened at $9.78 on Friday. The business’s 50-day moving average is $9.22 and its 200 day moving average is $11.23. 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 has a 1 year low of $8.01 and a 1 year high of $27.50.
Hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. purchased a new stake in Wallbox during the 2nd quarter valued at $1,542,000. Bank of America Corp DE raised its position in Wallbox by 60.3% in the 1st quarter. Bank of America Corp DE now owns 150,585 shares of the company’s stock worth $1,920,000 after buying an additional 56,673 shares during the last quarter. Walleye Capital LLC raised its position in Wallbox by 11.9% in the 1st quarter. Walleye Capital LLC now owns 32,984 shares of the company’s stock worth $421,000 after buying an additional 3,519 shares during the last quarter. Polar Capital Holdings Plc bought a new position in Wallbox during the 1st quarter valued at about $323,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Wallbox during the 1st quarter valued at about $237,000. 33.20% of the stock is currently owned by hedge funds and other institutional investors.
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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