At the last check on Friday, Energy Vault Holdings Inc.’s (NYSE:NRGV) stock was down -$0.08, moving down -2.51 percent to $3.30. The average number of shares traded per day over the past five days has been 863,358 shares. 2 times new highs have been achieved over the past 5 days, with a $0.30 gain in that time frame. In the last twenty days, the average volume was 950,184, while in the previous 50 days, it was 1,213,062.
Since last month, NRGV stock rose 30.24%. Shares of the company fell to $2.45 on 07/06/23, the lowest level in the past month. A 52-week high of $6.72 was reached on 01/18/23 after having rallying from a 52-week low of $1.35. Since the beginning of this year, NRGV’s stock price has risen by 5.61% or $0.16, and marked a new high 8 times. However, the stock has declined by -50.97% since its 52-week high.
NRGV stock investors should be aware that Energy Vault Holdings Inc. (NRGV) stock had its last reported insider trading activity 16 days ago on Jul 19. Icoren Goncagul, the Chief People Officer of the company, disposed of 7,500 shares for $3.15 on Jul 19. It resulted in a $23,625 divestment by the insider. Icoren Goncagul sold 7,500 shares at an average price of $2.53 on Jul 05. The insider now owns 719,866 shares following the transaction. On Jun 21, Chief People Officer Icoren Goncagul sold 7,500 shares at $2.54 apiece. The transaction was valued at $19,050.
Valuation Metrics
The stock’s beta is 0.21. Besides these, the trailing price-to-sales (P/S) ratio of 4.02, the price-to-book (PB) ratio of 1.74.
Financial Health
In the three months ended March 30, Energy Vault Holdings Inc.’s quick ratio stood at 2.90, while its current ratio was 2.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 16.50% percent. Based on annual data, NRGV earned $59.3 million in gross profit and brought in $145.88 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -29.20%. Return on equity (ROE) for the past 12 months was -30.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NRGV’s revenue fell -275.48% to $100.32 million during the quarter, while net income inched up to $11.42 million. While analysts expected Energy Vault Holdings Inc. to report -$0.24 quarterly earnings, the actual figure was -$0.22 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated -$32.73 million in EBITDA. The liabilities of Energy Vault Holdings Inc. were 117.98 million at the end of its most recent quarter ended March 30, and its total debt was $1.35 million. The value of shareholders’ equity is $141.91 million.
Technical Picture
This quick technical analysis looks at Energy Vault Holdings Inc.’s (NRGV) price momentum. With a historical volatility rate of 109.90%, the RSI 9-day stood at 56.12% on 03 August.
With respect to its five-day moving average, the current Energy Vault Holdings Inc. price is up by +9.90% percent or $0.30. At present, NRGV shares trade +22.66% above its 20-day simple moving average and +30.48% percent above its 100-day simple moving average. However, the stock is currently trading approximately +52.33% above its SMA50 and -28.18% below its SMA200.
Stochastic coefficient K was 65.34% and Stochastic coefficient D was 63.79%, while ATR was 0.28. Given the Stochastic reading of 69.05% for the 14-day period, the RSI (14) reading has been calculated as 56.52%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.11.
Analyst Ratings
Energy Vault Holdings Inc. downgraded its rating on Energy Vault Holdings Inc. (NYSE: NRGV) to a Neutral in a note to investors on March 06, 2023. The analysts firm previously had a Buy rating on the stock.Energy Vault Holdings Inc. (NRGV) has been rated Overweight by analysts. According to 1 brokerage firm, NRGV is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Energy Vault Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $1.75 – $13.00. Based on these forecasts, analysts predict Energy Vault Holdings Inc. (NRGV) will achieve an average price target of $6.65.
