Wallbox N.V [WBX] stock is trading at $1.51, down -5.03%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WBX shares have gain 4.14% over the last week, with a monthly amount drifted -1.31%, and not seem to be holding up well over a long-time horizon.
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On 28, February 2024, Wallbox Announces Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced its financial results for the fourth quarter and full year ended December 31, 2023 and provided a business update.
From an analyst’s perspective:
Wallbox N.V [NYSE: WBX] stock has seen the most recent analyst activity on October 19, 2023, when Chardan Capital Markets downgraded its rating to a Neutral but kept the price target unchanged to $2.25 for it. Previously, UBS downgraded its rating to Neutral on September 27, 2023, and dropped its price target to $3. On August 03, 2023, downgrade downgraded it’s rating to Market Perform but maintained its price target of $4 on the stock. Northland Capital started tracking the stock assigning a Outperform rating and suggested a price target of $16 on November 22, 2022. Credit Suisse initiated its recommendation with a Outperform and recommended $14 as its price target on September 07, 2022. Barclays started tracking with a Overweight rating for this stock on August 05, 2022, and assigned it a price target of $14. In a note dated July 13, 2022, Canaccord Genuity initiated an Buy rating and provided a target price of $14 on this stock.
Wallbox N.V [WBX] stock has fluctuated between $1.24 and $6.01 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Wallbox N.V [NYSE: WBX] shares were valued at $1.51 at the most recent close of the market. An investor can expect a potential return of 959.6% based on the average WBX price forecast.
Analyzing the WBX fundamentals
Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -1.03%, Pretax Profit Margin comes in at -1.01%, and Net Profit Margin reading is -0.99%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.88 and Total Capital is -0.6. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4167 points at the first support level, and at 1.3233 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5867, and for the 2nd resistance point, it is at 1.6633.
Ratios To Look Out For
For context, Wallbox N.V’s Current Ratio is 1.43. Further, the Quick Ratio stands at 0.83, while the Cash Ratio is 0.58.
