Wallbox N.V (NYSE:WBX) Currently -154.47% Below Its 52-Week High, But There May Be A Surprise Downside

In last trading session, Wallbox N.V (NYSE:WBX) saw 0.34 million shares changing hands with its beta currently measuring 2.12. Company’s recent per share price level of $1.23 trading at -$0.04 or -3.15% at ring of the bell on the day assigns it a market valuation of $260.38M. That closing price of WBX’s stock is at a discount of -154.47% from its 52-week high price of $3.13 and is indicating a premium of 1.63% from its 52-week low price of $1.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.29 million shares which gives us an average trading volume of 321.22K if we extend that period to 3-months.

For Wallbox N.V (WBX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.86. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

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Wallbox N.V (NYSE:WBX) trade information

Upright in the red during last session for losing -3.15%, in the last five days WBX remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $1.23 price level, adding 13.99% to its value on the day. Wallbox N.V’s shares saw a change of -29.71% in year-to-date performance and have moved -11.51% in past 5-day. Wallbox N.V (NYSE:WBX) showed a performance of -4.65% in past 30-days. Number of shares sold short was 2.45 million shares which calculate 6.52 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 16 to the stock, which implies a rise of 92.31% to its current value. Analysts have been projecting 16 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would drop -1200.81% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1200.81% for stock’s current value.

Wallbox N.V (WBX) estimates and forecasts

This year revenue growth is estimated to rise 114.00% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 30.57M for the same.

Wallbox N.V (NYSE:WBX)’s Major holders

INVESCO LTD. is the top institutional holder at WBX for having 3.57 million shares of worth $4.68 million. And as of 2024-06-30, it was holding 1.7866 of the company’s outstanding shares.

The second largest institutional holder is STIFEL FINANCIAL CORP, which was holding about 1.91 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.9557 of outstanding shares, having a total worth of $2.5 million.

On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024 , the former fund manager was holding 3.97 shares of worth $4.88 million or 2.31% of the total outstanding shares. The later fund manager was in possession of 640.45 shares on Jul 31, 2024 , making its stake of worth around $0.79 million in the company or a holder of 0.37% of company’s stock.