Energy Vault Holdings Inc. (NYSE:NRGV) saw an upside of 3.85% to $4.85 after adding $0.18 on Tuesday. The 5-day average trading volume is 6,039,736 shares of the company’s common stock. It has gained $5.51 in the past week and touched a new high 1 time within the past 5 days. An average of 2,303,379 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,598,024.
NRGV’s 1-month performance is 106.64% or $2.34 on its low of $2.36 reached on 12/27/22. The company’s shares have touched a 52-week low of $2.21 and high of $22.10, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, NRGV has achieved 49.68% or $1.73 and has reached a new high 8 times. However, the current price is down -78.05% from the 52-week high price.
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NRGV stock investors last saw insider trading activity on Oct 25.GROSS WILLIAM (Director) most recently sold 16,250 shares at $3.78 per share on Oct 25. This transaction cost the insider $61,394. Director, GROSS WILLIAM, sold 16,250 shares at a price of $3.61 on Oct 24. Then, on Oct 20, Director GROSS WILLIAM sold 80,000 shares at a price of $4.22 per share. This transaction amounted to $337,440.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.46 while the price-to-book (PB) in the most recent quarter is 2.18.
In terms of profitability, the gross margin trailing 12 months is 95.20%.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 103.72% to -$28.77 million, while revenue of -$6.18 million was 78.52% off the previous quarter. Analysts expected NRGV to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.21, representing a -61.50% surprise. EBITDA for the quarter stood at more than -$31.05 million. NRGV stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 38.24 million, with total debt at $1.5 million. Shareholders hold equity totaling $138.27 million.
Let’s look briefly at Energy Vault Holdings Inc. (NRGV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 69.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 184.80%.
The stock’s 5-day moving average is $4.59, reflecting a +36.24% or $1.29 change from its current price. NRGV is currently trading +97.15% above its 20-day SMA, -6.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +71.99% and SMA200 by-74.82%.
Stochastic %K and %D was 66.77% and 64.29% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 66.00%, while the 14-day stochastic is at 75.65% with the period’s ATR at 0.53. The stock’s 9-day MACD Oscillator is pointing at 0.32 and 0.67 on the 14-day charts.
In the most recent analyst report for Energy Vault Holdings Inc. (NYSE: NRGV), Chardan Capital Markets launched coverage with a Buy rating. Analysts offering their rating for NRGV stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate NRGV as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is NRGV’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $13.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for Energy Vault Holdings Inc. (NRGV) stock is $8.67.