Stifel Nicolaus Lowers Wallbox (NYSE:WBX) Price Target to $1.00

Wallbox (NYSE:WBX) had its target price reduced by Stifel Nicolaus from $1.50 to $1.00 in a research report report published on Monday, MarketBeat.com reports. They currently have a hold rating on the stock.

Other equities analysts also recently issued reports about the company. UBS Group reduced their target price on Wallbox from $1.25 to $0.50 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Canaccord Genuity Group dropped their price objective on shares of Wallbox from $1.50 to $1.00 and set a “buy” rating for the company in a research note on Friday, February 28th.

Wallbox Trading Up 4.6 %

Shares of Wallbox stock opened at $0.36 on Monday. Wallbox has a fifty-two week low of $0.34 and a fifty-two week high of $1.73. The business’s fifty day moving average is $0.49 and its two-hundred day moving average is $0.77. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.16 and a quick ratio of 0.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WBX. Alpine Global Management LLC acquired a new stake in Wallbox during the fourth quarter worth about $54,000. Group One Trading LLC grew its holdings in shares of Wallbox by 2,888.3% during the 4th quarter. Group One Trading LLC now owns 81,910 shares of the company’s stock worth $41,000 after purchasing an additional 79,169 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Wallbox during the 4th quarter worth approximately $32,000. XTX Topco Ltd acquired a new stake in Wallbox during the 4th quarter worth approximately $76,000. Finally, JPMorgan Chase & Co. purchased a new position in Wallbox in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds 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.