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

Wallbox (NYSE:WBX) had its target price reduced by Robert W. Baird from $3.00 to $2.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 103.56% from the company’s current price.

Several other equities research analysts also recently weighed in on WBX. 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 research note on Tuesday, October 15th. Stifel Nicolaus downgraded 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.

Wallbox Trading Up 2.8 %

Shares of WBX stock traded up $0.03 during mid-day trading on Thursday, hitting $0.98. 111,449 shares of the stock 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 debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 1.16. The stock’s fifty day moving average is $1.14 and its two-hundred day moving average is $1.33.

Hedge Funds Weigh In On Wallbox

A hedge fund recently bought a new stake in Wallbox stock. J. Stern & Co. LLP purchased a new position in shares of Wallbox (NYSE:WBX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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.