Wallbox N.V (NYSE: WBX)’s stock price has dropped by -2.36 in relation to previous closing price of 1.27. Nevertheless, the company has seen a loss of -13.29% in its stock price over the last five trading days. InvestorPlace reported 2024-04-16 that The electric vehicle (EV) sector is going through turbulent times. It’s not just about macroeconomic headwinds or intense competition.
Is It Worth Investing in Wallbox N.V (NYSE: WBX) Right Now?
WBX has 36-month beta value of 2.23. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for WBX is 83.94M, and currently, short sellers hold a 3.78% ratio of that float. The average trading volume of WBX on April 19, 2024 was 531.22K shares.
WBX’s Market Performance
WBX stock saw a decrease of -13.29% in the past week, with a monthly decline of -13.29% and a quarterly a decrease of -15.07%. The volatility ratio for the week is 6.17%, and the volatility levels for the last 30 days are 7.05% for Wallbox N.V (WBX). The simple moving average for the past 20 days is -15.30% for WBX’s stock, with a -41.90% 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 -16.02% 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 -75.69% of loss for the given period.
Volatility was left at 7.05%, however, over the last 30 days, the volatility rate increased by 6.17%, as shares sank -12.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.89% lower at present.
During the last 5 trading sessions, WBX fell by -13.29%, which changed the moving average for the period of 200-days by -68.61% in comparison to the 20-day moving average, which settled at $1.4550. In addition, Wallbox N.V saw -29.14% 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 3.47. 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
To put it simply, Wallbox N.V (WBX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
