Wallbox N.V (NYSE: WBX)’s stock price has gone decline by -8.64 in comparison to its previous close of 1.62, however, the company has experienced a -1.33% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-03-26 that If the global adoption of EVs increases, significant investment is required to build the necessary EV charging infrastructure. Therefore, a strong case exists for investing in high-quality EV charging stocks for multibagger returns.
Is It Worth Investing in Wallbox N.V (NYSE: WBX) Right Now?
The 36-month beta value for WBX is also noteworthy at 2.22. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for WBX is 83.45M, and at present, short sellers hold a 3.80% of that float. The average trading volume of WBX on April 11, 2024 was 553.61K shares.
WBX’s Market Performance
WBX stock saw an increase of -1.33% in the past week, with a monthly gain of 2.07% and a quarterly increase of -11.90%. The volatility ratio for the week is 9.51%, and the volatility levels for the last 30 days are 6.67% for Wallbox N.V (WBX). The simple moving average for the past 20 days is -0.20% for WBX’s stock, with a -32.62% simple moving average for the past 200 days.
Analysts’ Opinion of WBX
Many brokerage firms have already submitted their reports for WBX stocks, with Chardan Capital Markets repeating the rating for WBX by listing it as a “Neutral.” The predicted price for WBX in the upcoming period, according to Chardan Capital Markets is $2.25 based on the research report published on October 19, 2023 of the previous year 2023.
UBS, on the other hand, stated in their research note that they expect to see WBX reach a price target of $3, previously predicting the price at $5. The rating they have provided for WBX stocks is “Neutral” according to the report published on September 27th, 2023.
TD Cowen gave a rating of “Market Perform” to WBX, setting the target price at $4 in the report published on August 03rd of the previous year.
WBX Trading at -0.56% from the 50-Day Moving Average
After a stumble in the market that brought WBX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.98% of loss for the given period.
Volatility was left at 6.67%, however, over the last 30 days, the volatility rate increased by 9.51%, as shares surge +2.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.27% lower at present.
During the last 5 trading sessions, WBX fell by -1.33%, which changed the moving average for the period of 200-days by -48.25% in comparison to the 20-day moving average, which settled at $1.4845. In addition, Wallbox N.V saw -15.43% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WBX
Current profitability levels for the company are sitting at:
- -1.05 for the present operating margin
- 0.33 for the gross margin
The net margin for Wallbox N.V stands at -1.08. The total capital return value is set at -0.4.
Based on Wallbox N.V (WBX), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06.
Currently, EBITDA for the company is -100.28 million with net debt to EBITDA at -1.37. When we switch over and look at the enterprise to sales, we see a ratio of 3.92. The receivables turnover for the company is 2.15for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
In summary, Wallbox N.V (WBX) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
