UBS Group Cuts Wallbox (NYSE:WBX) Price Target to $1.25

Wallbox (NYSE:WBX) had its price target lowered by analysts at UBS Group from $1.75 to $1.25 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 13.64% from the company’s current price.

Several other analysts have also issued reports on the company. Canaccord Genuity Group reduced their target price on Wallbox from $4.00 to $3.25 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Stifel Nicolaus dropped their price objective on Wallbox from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, August 12th.

Wallbox Price Performance

WBX opened at $1.10 on Tuesday. Wallbox has a 52-week low of $1.03 and a 52-week high of $2.41. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.16 and a quick ratio of 0.68. The business’s fifty day moving average is $1.28 and its 200-day moving average is $1.38.

Institutional Trading of Wallbox

An institutional investor recently bought a new position in Wallbox stock. J. Stern & Co. LLP acquired a new position in shares of Wallbox (NYSE:WBX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $66,000. Hedge funds and other institutional investors 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.