Wallbox (NYSE:WBX) Stock Price Down 1% – What’s Next?

Shares of Wallbox N.V. (NYSE:WBX) were down 1% during trading on Tuesday . The stock traded as low as $4.81 and last traded at $4.85. Approximately 16,297 shares were traded during trading, a decline of 69% from the average daily volume of 52,520 shares. The stock had previously closed at $4.90.

Analyst Ratings Changes

WBX has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wallbox in a research note on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating and issued a $6.00 price target (down previously from $8.00) on shares of Wallbox in a research note on Monday, August 4th. Canaccord Genuity Group cut their price target on shares of Wallbox from $15.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Finally, Barclays lifted their price target on shares of Wallbox to $7.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Wallbox has an average rating of “Hold” and a consensus price target of $16.40.

Wallbox Stock Performance

The company has a quick ratio of 0.52, a current ratio of 0.89 and a debt-to-equity ratio of 2.21. The stock’s fifty day moving average price is $4.85 and its 200-day moving average price is $5.75.

Institutional Trading of Wallbox

A hedge fund recently bought a new stake in Wallbox stock. Larson Financial Group LLC bought a new position in shares of Wallbox N.V. (NYSE:WBX) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 75,000 shares of the company’s stock, valued at approximately $25,000. 36.94% of the stock is currently owned by institutional investors and hedge funds.

About Wallbox

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.