Wallbox (NYSE:WBX - Get Free Report)'s share price was up 8% during trading on Wednesday . The company traded as high as $0.56 and last traded at $0.56. Approximately 674,783 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,403,248 shares. The stock had previously closed at $0.52.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Stifel Nicolaus cut shares of Wallbox from a "buy" rating to a "hold" rating and decreased their price target for the stock from $3.00 to $1.50 in a research note on Wednesday, October 30th. UBS Group lowered their price target on Wallbox from $1.75 to $1.25 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Canaccord Genuity Group decreased their price objective on Wallbox from $3.25 to $1.50 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, Robert W. Baird decreased their price target on Wallbox from $3.00 to $2.00 and set an "outperform" rating for the company in a report on Thursday, November 7th.
View Our Latest Stock Report on WBX
Wallbox Stock Performance
The firm's 50-day simple moving average is $0.61 and its 200 day simple moving average is $1.04. 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 Investors Weigh In On Wallbox
An institutional investor recently raised its position in Wallbox stock. Healthcare of Ontario Pension Plan Trust Fund raised its position in Wallbox (NYSE:WBX - Free Report) by 12.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 211,660 shares of the company's stock after purchasing an additional 22,948 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.12% of Wallbox worth $258,000 at the end of the most recent reporting period. Institutional investors own 36.94% of the company's stock.
About Wallbox
(
Get Free Report)
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.
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