Analysts Set Wallbox N.V. (NYSE:WBX) Target Price at $9.50

Wallbox N.V. (NYSE:WBX) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $9.50.

WBX has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their target price on Wallbox from $9.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wallbox in a research note on Wednesday, October 8th.

Wallbox Trading Down 6.7%

Shares of Wallbox stock opened at $3.32 on Wednesday. Wallbox has a fifty-two week low of $2.85 and a fifty-two week high of $14.40. The business’s fifty day moving average is $4.65 and its two-hundred day moving average is $5.15. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.89 and a quick ratio of 0.52.

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.