The Insider Activity Of Energy Vault Holdings Inc. (NRGV) Is Worth Monitoring

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Energy Vault Holdings Inc. (NYSE:NRGV) finished Wednesday with a subtraction of -$0.08 to close at $2.55, a downside of -3.04 percent. An average of 1,253,000 shares of common stock have been traded in the last five days. There was a gain of $0.29 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,220,905 shares traded, while the 50-day average volume stands at 999,192.

NRGV stock has decreased by -34.45% in the last month. The company shares reached their 1-month lowest point of $2.21 on 12/21/22. With the stock rallying to its 52-week high on 04/05/22, shares of the company touched a low of $2.21 and a high of $22.10 in 52 weeks. It has reached a new high 11 times so far this year and lost -74.24% or -$7.35 in price. In spite of this, the price is down -88.46% from the 52-week high.


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Insider Transactions

NRGV stock investors should be aware that Energy Vault Holdings Inc. (NRGV) stock had its last reported insider trading activity 65 days ago on Oct 25. In this transaction, the insider spent $61,394. Director, GROSS WILLIAM, disposed of 16,250 shares at a price of $3.61 on Oct 24. The insider now owns more than $58,729 worth of shares. Prior to that, Director GROSS WILLIAM went on to Sale 80,000 shares at $4.22 each on Oct 20. An amount of $337,440 was transacted.

Valuation Metrics

Energy Vault Holdings Inc. (NRGV) has a trailing price-to-sales (P/S) ratio at 7.58, the price-to-book (PB) ratio at 1.19.

Financial Health

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Energy Vault Holdings Inc.’s return on assets was -23.40%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$28.77 million in the quarter, while revenues of -$6.18 million were grew 103.72%. The analyst consensus anticipated Energy Vault Holdings Inc.’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.16, a -100.00% surprise. For the quarter, EBITDA amounted to -$31.05 million. Shareholders own equity worth $138.27 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Energy Vault Holdings Inc. (NRGV) price momentum. RSI 9-day as of the close on 28 December was 39.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 113.57%.

As of today, NRGV’s price is $2.50 +12.83% or $0.29 from its 5-day moving average. NRGV is currently trading -26.72% lower than its 20-day SMA and -42.95% lower than its 100-day SMA. However, the stock’s current price level is -44.08% below the SMA50 and -78.57% below the SMA200.

The stochastic %K and %D were 33.72% and 29.83%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 33.17% and the average true range at 0.41, the RSI (14) stands at 39.96%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.

Analyst Ratings

Chardan Capital Markets launched coverage on Energy Vault Holdings Inc. (NYSE: NRGV) in its analyst report released on June 29, 2022. The firm assigned the stock a Buy rating. The consensus rating for Energy Vault Holdings Inc. (NRGV) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NRGV, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is NRGV’s price target for the next 12 months?

Analysts predict a range of price targets between $2.50 and $13.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Energy Vault Holdings Inc. (NRGV) stock is $8.10.

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