Is There More Upside Ahead For Wallbox N.V (NYSE: WBX)

Wallbox N.V (WBX) concluded trading on Thursday at a closing price of $0.67, with 3.78 million shares of worth about $2.53 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -48.85% during that period and on Thursday the price saw a gain of about 32.81%. Currently the company’s common shares owned by public are about 253.87M shares, out of which, 81.22M shares are available for trading.

Stock saw a price change of 44.47% in past 5 days and over the past one month there was a price change of -2.78%. Year-to-date (YTD), WBX shares are showing a performance of 32.81% which decreased to -60.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.41 but also hit the highest price of $1.87 during that period. The average intraday trading volume for Wallbox N.V shares is 708.40K. The stock is currently trading 25.45% above its 20-day simple moving average (SMA20), while that difference is down -4.10% for SMA50 and it goes to -44.92% lower than SMA200.

Wallbox N.V (NYSE: WBX) currently have 253.87M outstanding shares and institutions hold larger chunk of about 3.05% of that.

The stock has a current market capitalization of $168.82M and its 3Y-monthly beta is at 2.04. It has posted earnings per share of -$0.54 in the same period. It has Quick Ratio of 0.68 while making debt-to-equity ratio of 2.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WBX, volatility over the week remained 17.58% while standing at 12.70% over the month.

Stock’s fiscal year EPS is expected to rise by 9.73% while it is estimated to increase by 67.35% in next year.

Coverage by Chardan Capital Markets stated Wallbox N.V (WBX) stock as a Neutral in their note to investors on October 19, 2023, suggesting a price target of $2.25 for the stock. On September 27, 2023, UBS Downgrade their recommendations, while on August 03, 2023, TD Cowen Downgrade their ratings for the stock with a price target of $4. Stock get an Outperform rating from Northland Capital on November 22, 2022.

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