Robert W. Baird Lowers Wallbox (NYSE:WBX) Price Target to $2.00

Wallbox (NYSE:WBXGet Free Report) had its target price dropped by analysts at Robert W. Baird from $3.00 to $2.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 103.56% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. UBS Group lowered their target price on shares of Wallbox from $1.75 to $1.25 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Stifel Nicolaus downgraded shares of Wallbox from a “buy” rating to a “hold” rating and dropped their target price for the stock from $3.00 to $1.50 in a research note on Wednesday, October 30th.

Check Out Our Latest Stock Report on WBX

Wallbox Stock Performance

Shares of WBX traded up $0.03 during midday trading on Thursday, hitting $0.98. 111,449 shares of the company traded hands, compared to its average volume of 395,461. Wallbox has a 52 week low of $0.82 and a 52 week high of $2.09. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $1.14 and a 200-day moving average of $1.33.

Institutional Investors Weigh In On Wallbox

A hedge fund recently raised its stake in Wallbox stock. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Wallbox (NYSE:WBXFree Report) by 23.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,863 shares of the company’s stock after buying an additional 38,249 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.12% of Wallbox worth $282,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 36.94% of the company’s stock.

Wallbox Company Profile

(Get Free Report)

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.

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