Energy Vault Holdings Inc (NYSE:NRGV)’s traded shares stood at 1.15 million during the last session, with the company’s beta value hitting 0.55. At the close of trading, the stock’s price was $1.73, to imply an increase of 6.79% or $0.11 in intraday trading. The NRGV share’s 52-week high remains $3.55, putting it -105.2% down since that peak but still an impressive 21.97% since price per share fell to its 52-week low of $1.35. The company has a valuation of $254.45M, with an average of 0.73 million shares in intraday trading volume over the past 10 days and average of 837.30K shares over the past 3 months.
Energy Vault Holdings Inc (NYSE:NRGV) trade information
After registering a 6.79% upside in the last session, Energy Vault Holdings Inc (NRGV) has traded red over the past five days. The stock hit a weekly high of 1.8350, jumping 6.79% in its intraday price action. The 5-day price performance for the stock is -5.98%, and 1.76% over 30 days. With these gigs, the year-to-date price performance is -25.75%. Short interest in Energy Vault Holdings Inc (NYSE:NRGV) saw shorts transact 11.62 million shares and set a 15.64 days time to cover.
Energy Vault Holdings Inc (NRGV) estimates and forecasts
Looking at statistics comparing Energy Vault Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Energy Vault Holdings Inc (NRGV) shares are -30.52% down over the last 6 months, with its year-to-date growth rate higher than industry average at 50.72% against 12.10%. Revenue is forecast to grow 40.90% this quarter before jumping 50.00% for the next one. The rating firms project that company’s revenue will grow 43.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $47.83 million. Meanwhile, for the quarter ending Jun 2024, a total of 3 analyst(s) estimate revenue growth to $87.7 million.Earnings reports from the last fiscal year show that sales brought in $11.42 million and $55.3 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 318.80% before jumping 58.60% in the following quarter.
NRGV Dividends
Energy Vault Holdings Inc has its next earnings report out between May 07 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Energy Vault Holdings Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Energy Vault Holdings Inc (NYSE:NRGV)’s Major holders
Energy Vault Holdings Inc insiders hold 18.62% of total outstanding shares, with institutional holders owning 39.95% of the shares at 49.09% float percentage. In total, 39.95% institutions holds shares in the company, led by SB Investment Advisers (UK) LTD. As of Jun 29, 2023, the company held over 18.54 million shares (or 12.97% of shares), all amounting to roughly $50.6 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 6.3 million shares, or about 4.41% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $17.19 million.
We also have Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Victory Portfolios-Victory Global Energy Transition Fund as the top two Mutual Funds with the largest holdings of the Energy Vault Holdings Inc (NRGV) shares. Going by data provided on Aug 30, 2023, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF holds roughly 3.65 million shares. This is just over 2.55% of the total shares, with a market valuation of $11.63 million. Data from the same date shows that the other fund manager holds a little less at 2.95 million, or 2.06% of the shares, all valued at about 8.05 million.
