Wallbox (NYSE:WBX) Price Target Lowered to $0.50 at UBS Group

Wallbox (NYSE:WBX) had its price objective decreased by UBS Group from $1.25 to $0.50 in a research note published on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on the company. Canaccord Genuity Group decreased their target price on Wallbox from $3.25 to $1.50 and set a “buy” rating for the company in a research note on Thursday, November 7th. Robert W. Baird lowered their price objective on shares of Wallbox from $3.00 to $2.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lowered shares of Wallbox from a “buy” rating to a “hold” rating and cut their target price for the company from $3.00 to $1.50 in a research note on Wednesday, October 30th.

Wallbox Stock Down 2.5 %

Shares of NYSE WBX opened at $0.47 on Monday. Wallbox has a 1 year low of $0.41 and a 1 year high of $1.73. The stock has a fifty day moving average price of $0.56 and a two-hundred day moving average price of $0.98. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 0.93.

Hedge Funds Weigh In On Wallbox

A hedge fund recently raised its stake in Wallbox stock. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Wallbox (NYSE:WBX) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,660 shares of the company’s stock after acquiring an additional 22,948 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.12% of Wallbox worth $258,000 at the end of the most recent quarter. 36.94% of the stock is owned by institutional investors.

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.