Posted by admin on Aug 15th, 2022
Wallbox (NYSE:WBX – Get Rating) had its target price reduced by Stifel Nicolaus from $24.00 to $20.00 in a research report released on Thursday morning, The Fly reports. Stifel Nicolaus currently has a buy rating on the stock.
Several other research firms have also commented on WBX. Bank of America initiated coverage on shares of Wallbox in a research note on Friday, May 27th. They set a neutral rating for the company. Canaccord Genuity Group initiated coverage on shares of Wallbox in a research note on Wednesday, July 13th. They set a buy rating and a $14.00 price objective for the company. UBS Group dropped their price objective on shares of Wallbox from $25.00 to $18.00 in a research note on Wednesday, May 18th. Cowen initiated coverage on shares of Wallbox in a research note on Wednesday, May 25th. They set an outperform rating and a $14.00 price objective for the company. Finally, Barclays initiated coverage on shares of Wallbox in a research note on Friday, August 5th. They set an overweight rating and a $14.00 price objective for the company. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Wallbox presently has a consensus rating of Moderate Buy and an average price target of $16.56.
WBX stock opened at $10.11 on Thursday. The firm has a fifty day moving average price of $9.17 and a 200 day moving average price of $11.10. Wallbox has a fifty-two week low of $8.01 and a fifty-two week high of $27.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.48 and a quick ratio of 1.31.
Several institutional investors and hedge funds have recently made changes to their positions in WBX. Maven Securities LTD bought a new stake in shares of Wallbox in the fourth quarter valued at about $93,000. LPL Financial LLC bought a new stake in shares of Wallbox in the second quarter valued at about $98,000. Janney Montgomery Scott LLC bought a new stake in shares of Wallbox in the fourth quarter valued at about $173,000. State of Tennessee Treasury Department bought a new stake in shares of Wallbox in the first quarter valued at about $193,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Wallbox in the first quarter valued at about $237,000. 33.20% of the stock is currently owned by 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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