Wallbox (NYSE:WBX) Posts Earnings Results, Misses Estimates By $0.09 EPS

Wallbox (NYSE:WBX) posted its quarterly earnings data on Friday. The company reported ($1.90) earnings per share for the quarter, missing the consensus estimate of ($1.81) by ($0.09), FiscalAI reports. Wallbox had a negative return on equity of 6,451.74% and a negative net margin of 70.12%.The business had revenue of $27.30 million for the quarter, compared to analyst estimates of $41.49 million.

Wallbox Stock Up 0.5%

Shares of WBX traded up $0.02 during trading hours on Friday, reaching $3.23. 14,365 shares of the company traded hands, compared to its average volume of 84,162. The stock’s fifty day moving average is $3.75 and its 200 day moving average is $3.20. Wallbox has a 1-year low of $2.30 and a 1-year high of $7.83.

Insider Transactions at Wallbox

In other news, Director Francisco Jose Riberas Mera purchased 501,361 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $2.72 per share, with a total value of $1,363,701.92. Following the acquisition, the director directly owned 2,539,771 shares in the company, valued at approximately $6,908,177.12. The trade was a 24.60% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marc Sabe Richer acquired 501,361 shares of Wallbox stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $2.72 per share, with a total value of $1,363,701.92. Following the transaction, the director directly owned 1,512,758 shares in the company, valued at approximately $4,114,701.76. This trade represents a 49.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 1,829,968 shares of company stock valued at $4,977,513 in the last ninety days. 33.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WBX shares. UBS Group reaffirmed a “neutral” rating and issued a $4.00 target price (up from $3.00) on shares of Wallbox in a report on Tuesday, June 30th. Barclays reissued an “overweight” rating and issued a $4.00 price objective on shares of Wallbox in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Wallbox presently has a consensus rating of “Hold” and a consensus price target of $4.33.

Wallbox Company Profile

Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.

Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.