Wallbox N.V. (NYSE: WBX) stock fell -1.48% on Friday to $2.67 against a previous-day closing price of $2.71. With 0.87 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $2.7299 whereas the lowest price it dropped to was $2.5900. The 52-week range on WBX shows that it touched its highest point at $9.60 and its lowest point at $2.44 during that stretch. It currently has a 1-year price target of $7.05. Beta for the stock currently stands at 2.37.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WBX was down-trending over the past week, with a drop of -2.55%, but this was down by -4.64% over a month. Three-month performance dropped to -17.08% while six-month performance fell -38.62%. The stock lost -70.46% in the past year, while it has lost -25.42% so far this year. A look at the trailing 12-month EPS for WBX yields -0.41 with Next year EPS estimates of -0.56.
Float and Shares Shorts:
At present, 164.76 million WBX shares are outstanding with a float of 34.31 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.77 million, which was 2.94% higher than short shares on Jul 30, 2023. In addition to Mr. Enric Asuncion Escorsa as the firm’s Co-Founder, CEO & Exec. Director, Mr. Eduard Castaneda Mane serves as its Co-founder & Chief Innovation Officer.
Institutional Ownership:
Through their ownership of 14.43% of WBX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.93% of WBX, in contrast to 1.96% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in WBX with 2.26% of the stake, Janus Henderson Investors US LLC holds 3,915,798 shares worth 3,915,798. A second-largest stockholder of WBX, Invesco Capital Management LLC, holds 3,170,895 shares, controlling over 1.83% of the firm’s shares. Stifel Nicolaus & Co., Inc. is the third largest shareholder in WBX, holding 1,200,742 shares or 0.69% stake.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $112.07M while operating income stood at -$103.73M. EBITDA for the full year was -$114.82M.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WBX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WBX analysts setting a high price target of $11.21 and a low target of $3.63, the average target price over the next 12 months is $6.33. Based on these targets, WBX could surge 319.85% to reach the target high and rise by 35.96% to reach the target low. Reaching the average price target will result in a growth of 137.08% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
