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

Wallbox N.V. (NYSE:WBXGet Free Report) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 110,672 shares, a drop of 69.5% from the June 15th total of 363,149 shares. Based on an average daily trading volume, of 101,768 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.0% of the company’s shares are sold short.

Insider Activity at Wallbox

In related news, Director Pedro Alonso Aguera bought 501,361 shares of Wallbox stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $2.72 per share, with a total value of $1,363,701.92. Following the completion of the transaction, the director owned 1,394,705 shares in the company, valued at $3,793,597.60. The trade was a 56.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marc Sabe Richer purchased 501,361 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $2.72 per share, with a total value of $1,363,701.92. Following the purchase, the director directly owned 1,512,758 shares of the company’s stock, valued at approximately $4,114,701.76. This represents a 49.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 1,829,968 shares of company stock worth $4,977,513. Corporate insiders own 33.33% of the company’s stock.

Institutional Trading of Wallbox

A hedge fund recently bought a new stake in Wallbox stock. GM Advisory Group LLC purchased a new position in Wallbox N.V. (NYSE:WBXFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned approximately 0.10% of Wallbox at the end of the most recent quarter. Hedge funds and other institutional investors own 36.94% of the company’s stock.

Wallbox Trading Down 0.1%

Shares of NYSE:WBX traded down $0.01 during trading hours on Friday, hitting $5.47. The company’s stock had a trading volume of 30,487 shares, compared to its average volume of 135,955. The firm’s fifty day moving average price is $3.37 and its 200 day moving average price is $3.06. Wallbox has a 52 week low of $2.30 and a 52 week high of $7.83.

Wallbox (NYSE:WBXGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.81) by $0.50. The firm had revenue of $34.38 million for the quarter, compared to the consensus estimate of $40.64 million. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%.

Analysts Set New Price Targets

Separately, UBS Group reaffirmed a “neutral” rating and set a $4.00 target price (up from $3.00) on shares of Wallbox in a research report on Tuesday, June 30th. Two research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.33.

View Our Latest Analysis on WBX

About Wallbox

(Get Free Report)

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.

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