The stock of Energy Vault Holdings Inc. (NYSE:NRGV) decreased by -$0.06 on Wednesday to $3.10, down -2.06 percent. The last five days have seen an average of 696,410 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$0.03. The average number of shares traded over the last 20 days was 958,907, while the average volume over the last 50 days totaled 1,216,367.
NRGV stock dropped -0.80% since last month. On 07/27/23, the company’s shares reached a one-month low of $2.84. The stock touched a high of $6.72 on 01/18/23, after rallying from a low of $1.35 in 52 weeks. The price of NRGV stock has declined by -0.80% or -$0.03 this year, reaching a new high 8 times. Still, the stock price is down -53.94% 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 14 days ago on Aug 02. On Aug 02, Chief People Officer Icoren Goncagul sold 7,500 shares at $3.23 each. This transaction resulted in the insider making $24,225. On Jul 19, Icoren Goncagul sold 7,500 shares at a price of US$3.15. After the transaction, the insider now owns 711,391 shares. Chief People Officer Icoren Goncagul had earlier sold 7,500 shares on Jul 05 for $2.53 a share. The transaction was completed for $18,975.
Valuation Metrics
Beta for the stock is 0.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.88, the price-to-book (PB) ratio of 1.79.
Financial Health
For the three months ended June 29, Energy Vault Holdings Inc.’s quick ratio was 2.60, while its current ratio was 2.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 14.60% percent. Energy Vault Holdings Inc.’s EBITDA margin for the year ended June 29 was -35.49%, whereas its operating margin stood at -80.50% for the same period. Based on annual data, it had gross profit of $59.3 million and revenue of $145.88 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NRGV’s return on assets (ROA) during the last 12 months has been -28.90%. There was a -29.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -39.80%.
Earnings Surprise
According to Energy Vault Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $38.95 million, while revenues rose by 97.48% to $11.42 million. It was predicted that Energy Vault Holdings Inc.’s quarterly earnings would be -$0.18, but it ended up being -$0.2. EBITDA was -$28.14 million for the quarter. At the end of Energy Vault Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 127.77 million, while its total debt was $1.41 million. Equity owned by shareholders amounts to $142.86 million.
Technical Picture
Here’s a quick look at Energy Vault Holdings Inc.’s (NRGV) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 48.16%, suggesting the stock is Neutral, with a 86.36% historical volatility rate.
The stochastic %K and %D were 47.40% and 49.95% respectively, while the average true range (ATR) was 0.28. Based on the 14-day stochastic reading of 34.83%, the RSI (14) reading is 50.89%. On the 9-day MACD Oscillator, the stock is at 0.03.
Analyst Ratings
Energy Vault Holdings Inc. (NYSE: NRGV) was downgraded by Guggenheim to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Energy Vault Holdings Inc. (NRGV) an Overweight rating. NRGV is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is NRGV’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.75 and $13.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Energy Vault Holdings Inc. (NRGV) is $6.75.
