Wallbox N.V. (NYSE:WBX) Receives Average Rating of “Hold” from Analysts

Wallbox N.V. (NYSE:WBX) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $9.50.

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of Wallbox from $9.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wallbox in a research note on Wednesday, October 8th. Finally, UBS Group reissued a “neutral” rating and set a $6.00 price target (down previously from $8.00) on shares of Wallbox in a report on Monday, August 4th.

Wallbox Stock Up 11.0%

WBX stock opened at $3.63 on Wednesday. The company’s 50-day moving average price is $4.69 and its two-hundred day moving average price is $5.19. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.89 and a quick ratio of 0.52. Wallbox has a 12 month low of $2.85 and a 12 month high of $14.40.

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.