Energy Vault Holdings Inc. (NYSE:NRGV) finished Friday with an addition of $0.01 to close at $3.16, an upside of 0.32 percent. An average of 1,299,960 shares of common stock have been traded in the last five days. There was a gain of $0.07 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 953,325 shares traded, while the 50-day average volume stands at 1,240,770.
NRGV stock has decreased by -4.24% in the last month. The company shares reached their 1-month lowest point of $2.84 on 07/27/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $1.35 and a high of $6.72 in 52 weeks. It has reached a new high 8 times so far this year and achieved 1.28% or $0.04 in price. In spite of this, the price is down -52.98% from the 52-week high.
Insider Transactions
NRGV stock investors should be aware that Energy Vault Holdings Inc. (NRGV) stock had its last reported insider trading activity 10 days ago on Aug 02. In this transaction, the insider spent $24,225. Chief People Officer, Icoren Goncagul, disposed of 7,500 shares at a price of $3.15 on Jul 19. The insider now owns more than $23,625 worth of shares. Prior to that, Chief People Officer Icoren Goncagul went on to Sale 7,500 shares at $2.53 each on Jul 05. An amount of $18,975 was transacted.
Valuation Metrics
Energy Vault Holdings Inc. (NRGV) stock’s beta is 0.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.29, the price-to-book (PB) ratio at 1.67.
Financial Health
The quick ratio of Energy Vault Holdings Inc. for the three months ended June 29 was 2.90, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. 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. Energy Vault Holdings Inc.’s EBITDA margin for the year ending June 29 is -35.49%. Its gross profit as reported stood at $59.3 million compared to revenue of $145.88 million.
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 -24.10%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$26.16 million in the quarter, while revenues of -$31.17 million were grew 76.38%. The analyst consensus anticipated Energy Vault Holdings Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.18, a 10.00% surprise. For the quarter, EBITDA amounted to -$28.14 million. Shareholders own equity worth $142.86 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 11 August was 52.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 103.90%.
As of today, NRGV’s price is $3.12 +2.27% or $0.07 from its 5-day moving average. NRGV is currently trading +4.64% higher than its 20-day SMA and +50.48% higher than its 100-day SMA. However, the stock’s current price level is +50.48% above the SMA50 and -12.71% below the SMA200.
The stochastic %K and %D were 48.53% and 42.97%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 47.06% and the average true range at 0.29, the RSI (14) stands at 53.47%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at 0.03.
Analyst Ratings
Guggenheim downgraded Energy Vault Holdings Inc. (NYSE: NRGV) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. 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 1 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 $1.75 and $13.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Energy Vault Holdings Inc. (NRGV) stock is $6.75.
