Wallbox (NYSE:WBX) Upgraded to "Hold" at Chardan Capital

Wallbox (NYSE:WBX - Get Free Report) was upgraded by equities researchers at Chardan Capital to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Wallbox from $1.50 to $1.00 and set a "hold" rating for the company in a report on Monday, March 10th. UBS Group reduced their target price on Wallbox from $1.25 to $0.50 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Canaccord Genuity Group dropped their price target on Wallbox from $1.50 to $1.00 and set a "buy" rating for the company in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $1.13.

Wallbox Stock Performance

NYSE:WBX traded down $0.02 during trading hours on Monday, reaching $0.33. The company had a trading volume of 545,896 shares, compared to its average volume of 487,586. The stock has a 50-day moving average of $0.43 and a two-hundred day moving average of $0.69. Wallbox has a one year low of $0.32 and a one year high of $1.73. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 1.16.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in Wallbox in the 4th quarter valued at $32,000. Group One Trading LLC raised its holdings in Wallbox by 2,888.3% during the 4th quarter. Group One Trading LLC now owns 81,910 shares of the company's stock worth $41,000 after purchasing an additional 79,169 shares during the last quarter. Alpine Global Management LLC acquired a new position in Wallbox during the 4th quarter valued at about $54,000. XTX Topco Ltd bought a new position in shares of Wallbox in the 4th quarter valued at about $76,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Wallbox during the 4th quarter worth approximately $84,000. Institutional investors own 36.94% of the company's stock.

Wallbox Company Profile

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use worldwide. The company operates in three segments: Europe-Middle East and Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, Pulsar Plus Socket, Pulsar Max, and Pulsar Pro, an AC smart chargers for home and shared spaces; 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 2, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle; 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; as well as Wallbox ABL eM4 Single and Twin chargers and eMC3 charging pole.