Analysts Issue Research Notes On Wallbox N.V. (WBX)

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Wallbox N.V. (NYSE:WBX) finished Thursday with a subtraction of $0.0 to close at $3.33, a downside of 0.00 percent. An average of 983,920 shares of common stock have been traded in the last five days. There was a fall of -$0.12 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 624,620 shares traded, while the 50-day average volume stands at 405,260.

WBX stock has decreased by -38.10% in the last month. The company shares reached their 1-month lowest point of $3.14 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $3.14 and a high of $17.60 in 52 weeks. It has reached a new high 2 times so far this year and lost -79.62% or -$13.01 in price. In spite of this, the price is down -81.08% from the 52-week high.


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Valuation Metrics

Wallbox N.V. (WBX) has a trailing price-to-sales (P/S) ratio at 4.90, the price-to-book (PB) ratio at 3.20.

Financial Health

The quick ratio of Wallbox N.V. for the recent quarter was 1.20, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.30 and a total debt to equity ratio of 0.65 for the recent quarter. Its gross profit as reported stood at $82.33 million compared to revenue of $84.69 million.

Earnings Surprise

The company posted a net income of -$250.63 million in the quarter, while revenues were grew 100.0%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Wallbox N.V. (WBX) price momentum. RSI 9-day as of the close on 29 December was 26.20%, suggesting the stock is oversold, with historical volatility in this time frame at 75.63%.

As of today, WBX’s price is $3.38 -3.48% or -$0.12 from its 5-day moving average. WBX is currently trading -40.75% lower than its 20-day SMA and -65.24% lower than its 100-day SMA. However, the stock’s current price level is -55.00% below the SMA50 and -72.52% below the SMA200.

The stochastic %K and %D were 9.62% and 6.78%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 12.58% and the average true range at 0.38, the RSI (14) stands at 28.31%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.45.

Analyst Ratings

Northland Capital launched coverage on Wallbox N.V. (NYSE: WBX) in its analyst report released on November 22, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Wallbox N.V. (WBX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WBX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is WBX’s price target for the next 12 months?

Analysts predict a range of price targets between $10.00 and $16.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for Wallbox N.V. (WBX) stock is $12.89.

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