Wallbox (NYSE:WBX) Trading Up 1.4% - What's Next?

Wallbox (NYSE:WBX - Get Free Report) traded up 1.4% during mid-day trading on Tuesday . The stock traded as high as $0.51 and last traded at $0.46. 841,572 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 438,653 shares. The stock had previously closed at $0.45.

Analyst Ratings Changes

Several research analysts have recently issued reports on WBX shares. Stifel Nicolaus downgraded shares of Wallbox from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $3.00 to $1.50 in a report on Wednesday, October 30th. Robert W. Baird lowered their price target on Wallbox from $3.00 to $2.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Canaccord Genuity Group decreased their price objective on Wallbox from $3.25 to $1.50 and set a "buy" rating on the stock in a report on Thursday, November 7th. Finally, UBS Group cut their target price on Wallbox from $1.75 to $1.25 and set a "neutral" rating for the company in a research note on Tuesday, October 15th.

Wallbox Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.93, a current ratio of 1.16 and a quick ratio of 0.68. The stock's 50 day moving average is $0.74 and its two-hundred day moving average is $1.12.

Institutional Investors Weigh In On Wallbox

A hedge fund recently raised its stake in Wallbox stock. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Wallbox (NYSE:WBX - Free Report) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,660 shares of the company's stock after acquiring an additional 22,948 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.12% of Wallbox worth $258,000 as of its most recent SEC filing. 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.