Wallbox (NYSE:WBX) Shares Down 1.7% – Should You Sell?

Wallbox N.V. (NYSE:WBX)’s stock price fell 1.7% during trading on Monday . The stock traded as low as $2.79 and last traded at $2.96. 14,213 shares traded hands during trading, an increase of 30% from the average session volume of 10,966 shares. The stock had previously closed at $3.01.

Analysts Set New Price Targets

Separately, UBS Group lowered their price objective on shares of Wallbox from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Wallbox currently has a consensus rating of “Hold” and an average target price of $5.00.

Wallbox Price Performance

The firm has a 50-day moving average price of $2.87 and a 200-day moving average price of $2.96.

Wallbox (NYSE:WBX) last announced its earnings results on Thursday, May 7th. The company reported ($1.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.81) by $0.56. Wallbox had a negative return on equity of 6,451.74% and a negative net margin of 70.12%.The firm had revenue of $34.38 million during the quarter, compared to analyst estimates of $40.64 million.

Hedge Funds Weigh In On Wallbox

A hedge fund recently bought a new stake in Wallbox stock. GM Advisory Group LLC bought a new stake in shares of Wallbox N.V. (NYSE:WBX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned approximately 0.10% of Wallbox as of its most recent filing with the Securities and Exchange Commission (SEC). 36.94% of the stock is currently owned by institutional investors.

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.