Wallbox (WBX) to Release Quarterly Earnings on Wednesday

Posted by on Aug 3rd, 2022

Wallbox (NYSE:WBX – Get Rating) will issue its quarterly earnings data before the market opens on Wednesday, August 10th. Parties that wish to listen to the company’s conference call can do so using this link.

Wallbox Price Performance

Shares of WBX opened at $8.91 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.48 and a quick ratio of 1.31. Wallbox has a one year low of $8.01 and a one year high of $27.50. The business’s 50 day simple moving average is $9.26 and its 200-day simple moving average is $11.30.

Institutional Trading of Wallbox

Several institutional investors and hedge funds have recently made changes to their positions in WBX. First Trust Advisors LP bought a new stake in shares of Wallbox during the 1st quarter valued at $12,279,000. JPMorgan Chase & Co. increased its position in shares of Wallbox by 646.9% in the 1st quarter. JPMorgan Chase & Co. now owns 121,909 shares of the company’s stock valued at $1,554,000 after buying an additional 105,586 shares in the last quarter. Bank of America Corp DE increased its position in shares of Wallbox by 60.3% in the 1st quarter. Bank of America Corp DE now owns 150,585 shares of the company’s stock valued at $1,920,000 after buying an additional 56,673 shares in the last quarter. Polar Capital Holdings Plc bought a new stake in shares of Wallbox in the 1st quarter valued at $323,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Wallbox in the 1st quarter valued at $237,000. Institutional investors own 33.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Stifel Nicolaus reduced their price objective on Wallbox from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, June 22nd. Bank of America assumed coverage on Wallbox in a report on Friday, May 27th. They set a “neutral” rating on the stock. UBS Group reduced their price objective on Wallbox from $25.00 to $18.00 in a report on Wednesday, May 18th. Cowen assumed coverage on Wallbox in a report on Wednesday, May 25th. They set an “outperform” rating and a $14.00 price objective on the stock. Finally, Canaccord Genuity Group assumed coverage on Wallbox in a report on Wednesday, July 13th. They set a “buy” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Wallbox presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.38.

About Wallbox

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Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; 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, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; 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.

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