Wallbox (NYSE:WBX) Upgraded at Chardan Capital

Chardan Capital upgraded shares of Wallbox (NYSE:WBX) to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on WBX. Stifel Nicolaus cut their price objective on shares of Wallbox from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Monday, March 10th. UBS Group cut their price target on Wallbox from $1.25 to $0.50 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Canaccord Genuity Group decreased their price objective on Wallbox from $1.50 to $1.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Wallbox presently has an average rating of “Hold” and a consensus price target of $1.13.

Wallbox Trading Down 2.3 %

Wallbox stock opened at $0.34 on Monday. 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 stock has a 50-day moving average price of $0.44 and a 200 day moving average price of $0.70. Wallbox has a 52 week low of $0.32 and a 52 week high of $1.73.

Hedge Funds Weigh In On Wallbox

A number of large investors have recently bought and sold shares of WBX. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Wallbox by 12.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 211,660 shares of the company’s stock valued at $258,000 after buying an additional 22,948 shares during the period. JPMorgan Chase & Co. acquired a new position in Wallbox in the fourth quarter valued at $84,000. XTX Topco Ltd purchased a new stake in Wallbox during the fourth quarter valued at about $76,000. Alpine Global Management LLC acquired a new stake in Wallbox during the fourth quarter worth about $54,000. Finally, Group One Trading LLC raised its holdings in shares of Wallbox by 2,888.3% in 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. Hedge funds and other institutional investors own 36.94% of the company’s stock.

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.