Wallbox (NYSE:WBX) Shares Up 1.4% – Time to Buy?

Wallbox (NYSE:WBX) was up 1.4% during mid-day trading on Tuesday . The stock traded as high as $0.51 and last traded at $0.46. Approximately 841,572 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 438,653 shares. The stock had previously closed at $0.45.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their target price on Wallbox from $3.00 to $2.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. UBS Group cut their price target on Wallbox from $1.75 to $1.25 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Stifel Nicolaus lowered Wallbox from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $3.00 to $1.50 in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group dropped their target price on Wallbox from $3.25 to $1.50 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

Wallbox Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average price of $0.73 and a two-hundred day moving average price of $1.12.

Hedge Funds Weigh In On Wallbox

A hedge fund recently bought a new stake in Wallbox stock. J. Stern & Co. LLP purchased a new position in shares of Wallbox (NYSE:WBX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $66,000. 36.94% of the stock is owned by institutional investors.

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.