Wallbox (NYSE:WBX) PT Lowered to $1.25 at UBS Group

Wallbox (NYSE:WBX) had its target price lowered by UBS Group from $1.75 to $1.25 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus reduced their price target on Wallbox from $4.00 to $3.00 and set a “buy” rating for the company in a report on Monday, August 12th. Canaccord Genuity Group cut their price objective on Wallbox from $4.00 to $3.25 and set a “buy” rating for the company in a research report on Tuesday, July 9th.

Wallbox Trading Down 3.6 %

Shares of Wallbox stock opened at $1.06 on Tuesday. The firm has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.38. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. Wallbox has a fifty-two week low of $1.03 and a fifty-two week high of $2.36.

Institutional Investors Weigh In On Wallbox

A hedge fund recently bought a new stake in Wallbox stock. J. Stern & Co. LLP purchased a new position in Wallbox (NYSE:WBX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $66,000. 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.