Energy Vault Holdings Inc (NYSE:NRGV) has a beta value of 0.64 and has seen 1.43 million shares traded in the last trading session. The company, currently valued at $165.53M, closed the last trade at $1.10 per share which meant it gained $0.15 on the day or 15.78% during that session. The NRGV stock price is -192.73% off its 52-week high price of $3.22 and 29.09% above the 52-week low of $0.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.55 million shares traded. The 3-month trading volume is 587.88K shares.
The consensus among analysts is that Energy Vault Holdings Inc (NRGV) is Buy stock at the moment, with a recommendation rating of 2.60. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.14.
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Energy Vault Holdings Inc (NYSE:NRGV) trade information
Sporting 15.78% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NRGV stock price touched $1.10 or saw a rise of 2.65%. Year-to-date, Energy Vault Holdings Inc shares have moved -52.79%, while the 5-day performance has seen it change 18.69%. Over the past 30 days, the shares of Energy Vault Holdings Inc (NYSE:NRGV) have changed 35.80%. Short interest in the company has seen 15.83 million shares shorted with days to cover at 21.61.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 56.0% from current levels. The projected low price target is $0.75 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -354.55% off the targeted high while a plunge would see the stock lose 31.82% from current levels.
Energy Vault Holdings Inc (NRGV) estimates and forecasts
Figures show that Energy Vault Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -4.35% over the past 6 months, with this year growth rate of 13.04%, compared to -6.30% for the industry. Revenue growth from the last financial year stood is estimated to be -77.60%.
4 analysts offering their estimates for the company have set an average revenue estimate of 13.4M for the current quarter. 4 have an estimated revenue figure of 38.6M for the next ending quarter. Year-ago sales stood 172.21M and 118.24M respectively for this quarter and the next, and analysts expect sales will shrink by -92.20% for the current quarter and -77.60% for the next.
NRGV Dividends
Energy Vault Holdings Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Energy Vault Holdings Inc (NYSE:NRGV)’s Major holders
Insiders own 19.78% of the company shares, while shares held by institutions stand at 37.97% with a share float percentage of 47.33%. Investors are also buoyed by the number of investors in a company, with Energy Vault Holdings Inc having a total of 137.0 institutions that hold shares in the company. The top two institutional holders are SB INVESTMENT ADVISERS (UK) LTD with over 18.54 million shares worth more than $17.6 million. As of 2024-06-30, SB INVESTMENT ADVISERS (UK) LTD held 12.6076% of shares outstanding.
The other major institutional holder is SAILINGSTONE CAPITAL PARTNERS LLC, with the holding of over 8.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.74 million and represent 5.5417% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Victory Portfolios-Victory Global Energy Transition Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 3.20% shares in the company for having 4.81 shares of worth $5.29 million while later fund manager owns 2.49 shares of worth $2.74 million as of Aug 31, 2024 , which makes it owner of about 1.66% of company’s outstanding stock.
