Wallbox N.V. (NYSE:WBX) Sees Large Drop in Short Interest

Wallbox N.V. (NYSE:WBX) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 110,672 shares, a decrease of 69.5% from the June 15th total of 363,149 shares. Based on an average daily volume of 101,768 shares, the short-interest ratio is presently 1.1 days. Currently, 1.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, UBS Group reissued a “neutral” rating and set a $4.00 price objective (up from $3.00) on shares of Wallbox in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.33.

Insider Buying and Selling

In other news, Director Marc Sabe Richer bought 501,361 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $2.72 per share, for a total transaction of $1,363,701.92. Following the purchase, the director owned 1,512,758 shares of the company’s stock, valued at approximately $4,114,701.76. This trade represents a 49.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Enric Asuncion Escorsa bought 325,885 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $2.72 per share, for a total transaction of $886,407.20. Following the purchase, the chief executive officer owned 1,218,952 shares of the company’s stock, valued at $3,315,549.44. This trade represents a 36.49% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 1,829,968 shares of company stock worth $4,977,513. 33.33% of the stock is owned by corporate insiders.

Institutional Trading of Wallbox

A hedge fund recently bought a new stake in Wallbox stock. GM Advisory Group LLC bought a new stake in shares of Wallbox N.V. (NYSE:WBX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned about 0.10% of Wallbox as of its most recent SEC filing. Institutional investors own 36.94% of the company’s stock.

Wallbox Trading Down 0.4%

WBX stock traded down $0.02 during mid-day trading on Monday, reaching $5.35. The company’s stock had a trading volume of 37,549 shares, compared to its average volume of 88,650. Wallbox has a 12 month low of $2.30 and a 12 month high of $7.83. The business’s 50 day moving average price is $3.37 and its 200 day moving average price is $3.06.

Wallbox (NYSE:WBX) last issued its earnings results on Thursday, May 7th. The company reported ($1.31) EPS for the quarter, beating analysts’ consensus estimates of ($1.81) by $0.50. Wallbox had a negative return on equity of 6,451.74% and a negative net margin of 70.12%.The business had revenue of $34.38 million during the quarter, compared to analyst estimates of $40.64 million.

About Wallbox

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.