The price of Wallbox N.V. (NYSE:WBX) shares last traded on Wall Street fell -10.30% to $3.31.
Based on available information, 9 analysts follow Wallbox N.V. (NYSE:WBX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $10.91 and a low of $3.66, we find $6.36. Given the previous closing price of $3.69, this indicates a potential upside of 72.36 percent. WBX stock price is now -9.11% away from the 50-day moving average and -26.38% away from the 200-day moving average. The market capitalization of the company currently stands at $571.34M.
Among analysts, 1 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $6.70 as their price target over the next twelve months.
With the price target maintained at $4, TD Cowen recently Downgraded its rating from Outperform to Market Perform for Wallbox N.V. (NYSE: WBX).
A total of 75.78% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WBX stock. A new stake in Wallbox N.V. shares was purchased by PRIVATE ADVISORY GROUP LLC during the first quarter worth $1,656,000. CREDIT SUISSE AG/ invested $1,236,000 in shares of WBX during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in Wallbox N.V. valued at approximately $115,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in WBX for approximately $104,000. FOX RUN MANAGEMENT, L.L.C. purchased a new stake in WBX valued at around $102,000 in the second quarter. In total, there are 63 active investors with 12.00% ownership of the company’s stock.
A candlestick chart of Wallbox N.V. (NYSE: WBX) showed a price of $3.6100 on Thursday morning. During the past 12 months, Wallbox N.V. has had a low of $2.44 and a high of $10.42. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 1.40, and a quick ratio of 0.80. The fifty day moving average price for WBX is $3.6366 and a two-hundred day moving average price translates $4.4767 for the stock.
The latest earnings results from Wallbox N.V. (NYSE: WBX) was released for Dec, 2022. For the current quarter, analysts expect WBX to generate $30.57M in revenue.
Wallbox N.V.(WBX) Company Profile
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; Quasar1 & 2, 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. The company also provides EV charging software solutions, including the myWallbox platform, a cloud based software designed to provide smart management of its chargers in residential and business parking settings, such as workplaces, fleets, and semi-public parking lots; Electromaps, a hardware-agnostic e-mobility service provider and charger management software that enables users to find publicly available charging ports; and Sirius, an energy management solution that is designed to seamlessly integrates the electric grid with solar, on-site batteries, and other renewable energy sources. In addition, it offers upgrades and accessories, which includes energy meters, EV charging cables, pedestals, and RFID cards; and installation, maintenance, and charging network management services. Wallbox N.V. was incorporated in 2015 and is headquartered in Barcelona, Spain.
