Wallbox (NYSE:WBX) Shares Up 0.7% – Here’s Why

Wallbox N.V. (NYSE:WBX)’s share price was up 0.7% on Monday . The company traded as high as $3.08 and last traded at $2.9510. Approximately 7,407 shares changed hands during trading, a decline of 64% from the average daily volume of 20,747 shares. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

WBX has been the subject of a number of recent research reports. UBS Group reiterated a “neutral” rating and issued a $4.00 target price (up from $3.00) on shares of Wallbox in a report on Tuesday, June 30th. Weiss Ratings raised shares of Wallbox from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Finally, Barclays restated an “overweight” rating and issued a $4.00 target price on shares of Wallbox in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.33.

Wallbox Stock Performance

The firm has a 50-day simple moving average of $3.85 and a two-hundred day simple moving average of $3.23.

Wallbox (NYSE:WBX) last announced its quarterly earnings results on Friday, July 31st. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.81) by ($0.09). The company had revenue of $27.30 million during the quarter, compared to analyst estimates of $41.49 million. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%.

Insider Activity

In other news, Director Pedro Alonso Aguera acquired 501,361 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $2.72 per share, for a total transaction of $1,363,701.92. Following the completion of the transaction, the director owned 1,394,705 shares in the company, valued at approximately $3,793,597.60. The trade was a 56.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francisco Jose Riberas Mera bought 501,361 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $2.72 per share, for a total transaction of $1,363,701.92. Following the completion of the purchase, the director owned 2,539,771 shares in the company, valued at approximately $6,908,177.12. This represents a 24.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 1,829,968 shares of company stock worth $4,977,513 over the last three months.

Hedge Funds Weigh In On Wallbox

An institutional investor recently bought a new stake in Wallbox stock. GM Advisory Group LLC acquired a new stake in Wallbox N.V. (NYSE:WBX) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned approximately 0.10% of Wallbox at the end of the most recent reporting period. 36.94% of the stock is owned by hedge funds and other institutional investors.

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.