Wallbox (NYSE:WBX) Stock Rating Upgraded by Chardan Capital

Chardan Capital upgraded shares of Wallbox (NYSE:WBX) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other analysts have also issued reports about the stock. Stifel Nicolaus decreased their price target on shares of Wallbox from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Monday, March 10th. UBS Group lowered their target price on shares of Wallbox from $1.25 to $0.50 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Canaccord Genuity Group cut their price target on shares of Wallbox from $1.50 to $1.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Wallbox presently has a consensus rating of “Hold” and a consensus price target of $1.13.

Wallbox Price Performance

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

Institutional Inflows and Outflows

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