Wallbox N.V. (NYSE:WBX) Receives Average Rating of “Hold” from Brokerages

Shares of Wallbox N.V. (NYSE:WBX) have earned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $9.00.

A number of brokerages have recently commented on WBX. Canaccord Genuity Group reduced their target price on shares of Wallbox from $9.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, November 10th. UBS Group set a $4.00 price target on Wallbox and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Wallbox in a research report on Wednesday, October 8th.

Wallbox Stock Down 0.2%

WBX opened at $2.80 on Friday. Wallbox has a fifty-two week low of $2.72 and a fifty-two week high of $14.40. The company’s 50-day moving average is $3.75 and its 200 day moving average is $4.78. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.89 and a quick ratio of 0.52.

Wallbox (NYSE:WBX) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $41.64 million during the quarter.

Wallbox Company Profile

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.