UBS Group Issues Pessimistic Forecast for Wallbox (NYSE:WBX) Stock Price

Wallbox (NYSE:WBX) had its target price decreased by analysts at UBS Group from $4.00 to $3.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential downside of 7.55% from the stock’s previous close.

Wallbox Trading Up 6.7%

NYSE WBX traded up $0.21 on Thursday, hitting $3.25. 41,375 shares of the stock traded hands, compared to its average volume of 18,997. Wallbox has a twelve month low of $2.30 and a twelve month high of $8.00. The stock has a 50-day moving average of $2.87 and a 200 day moving average of $3.57.

Wallbox (NYSE:WBX) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.54. The company had revenue of $39.55 million for the quarter, compared to the consensus estimate of $42.82 million. Wallbox had a negative net margin of 71.11% and a negative return on equity of 569.20%.

About Wallbox

Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.

Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.