Wallbox (NYSE:WBX) Raised to “Hold” at Chardan Capital

Wallbox (NYSE:WBX) was upgraded by research analysts at Chardan Capital to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus dropped their price objective on Wallbox from $1.50 to $1.00 and set a “hold” rating on the stock 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 decreased their price target on shares of Wallbox from $1.50 to $1.00 and set a “buy” rating for the company in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Wallbox currently has an average rating of “Hold” and a consensus price target of $1.13.

Wallbox Trading Up 5.3 %

Wallbox stock opened at $0.35 on Monday. Wallbox has a 12-month low of $0.32 and a 12-month high of $1.73. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 0.93. The firm’s fifty day moving average price is $0.45 and its 200 day moving average price is $0.70.

Institutional Trading of Wallbox

A number of hedge funds have recently modified their holdings of WBX. JPMorgan Chase & Co. acquired a new position in shares of Wallbox in the 4th quarter worth approximately $84,000. XTX Topco Ltd bought a new position in Wallbox during the fourth quarter worth about $76,000. Alpine Global Management LLC acquired a new position in Wallbox during the fourth quarter valued at approximately $54,000. Group One Trading LLC increased its position in shares of Wallbox by 2,888.3% in the 4th quarter. Group One Trading LLC now owns 81,910 shares of the company’s stock valued at $41,000 after buying an additional 79,169 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Wallbox during the fourth quarter worth about $32,000. 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.