Wallbox N.V (NYSE:WBX) price on Thursday, December 26, fall -4.65% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.44.
A look at the stock’s price movement, the close in the last trading session was $0.46, moving within a range at $0.413 and $0.4799. The beta value (5-Year monthly) was 2.153. Turning to its 52-week performance, $1.98 and $0.45 were the 52-week high and 52-week low respectively. Overall, WBX moved -32.68% over the past month.
Wallbox N.V’s market cap currently stands at around $111.42 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 44.72M for the company’s revenue for the quarter, with a low and high estimate of 43.84M and 45.61M respectively. The average forecast suggests down to a -4.56% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 179.12M, representing a 15.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WBX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend WBX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WBX’s current price about -21.46% and -40.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.10, while 7-day volatility ratio is 15.09% and 11.10% in the 30-day chart. Further, Wallbox N.V (WBX) has a beta value of 2.01, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $1.5, forecast between a low of $1.5 and high of $1.5. Looking at the price targets, the low is -240.91% off current price level while to achieve the yearly target high, price needs to move -240.91%. Nonetheless, investors will most likely welcome a -240.91% jump to $1.5 which is the analysts’ median price.
If we refocus on Wallbox N.V (NYSE:WBX), historical trading data shows that trading volumes averaged 0.81 over the past 10 days and 557.68K over the past 3 months. The company’s latest data on shares outstanding shows there are 253.87 million shares.
The 68.01% of Wallbox N.V’s shares are in the hands of company insiders while institutional holders own 3.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.36 million on 2024-11-29, giving us a short ratio of 3.62. The data shows that as of 2024-11-29 short interest in Wallbox N.V (WBX) stood at 130.99999 of shares outstanding, with shares short falling to 2.92 million registered in 2024-10-31. Current price change has pushed the stock -74.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WBX stock continues to rise going into the next quarter.
