In last trading session, Energy Vault Holdings Inc (NYSE:NRGV) saw 1.29 million shares changing hands with its beta currently measuring 0.64. Company’s recent per share price level of $1.23 trading at -$0.06 or -4.65% at ring of the bell on the day assigns it a market valuation of $185.09M. That closing price of NRGV’s stock is at a discount of -161.79% from its 52-week high price of $3.22 and is indicating a premium of 36.59% from its 52-week low price of $0.78. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.87 million shares which gives us an average trading volume of 633.16K if we extend that period to 3-months.
For Energy Vault Holdings Inc (NRGV), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.14 in the current quarter.
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Energy Vault Holdings Inc (NYSE:NRGV) trade information
Upright in the red during last session for losing -4.65%, in the last five days NRGV remained trading in the green while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $1.23 price level, adding 8.89% to its value on the day. Energy Vault Holdings Inc’s shares saw a change of -47.21% in year-to-date performance and have moved 27.69% in past 5-day. Energy Vault Holdings Inc (NYSE:NRGV) showed a performance of 26.80% in past 30-days. Number of shares sold short was 15.83 million shares which calculate 21.61 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a rise of 50.8% to its current value. Analysts have been projecting 0.75 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would jump 39.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 39.02% for stock’s current value.
Energy Vault Holdings Inc (NRGV) estimates and forecasts
Statistics highlight that Energy Vault Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 8.85% of value to its shares in past 6 months, showing an annual growth rate of 13.04% while that of industry is -6.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -77.60% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 13.4M for the same. And 4 analysts are in estimates of company making revenue of 38.6M in the next quarter. Company posted 172.21M and 118.24M of sales in current and next quarters respectively a year earlier.
Energy Vault Holdings Inc (NYSE:NRGV)’s Major holders
Insiders are in possession of 19.78% of company’s total shares while institution are holding 37.97 percent of that, with stock having share float percentage of 47.33%. Investors also watch the number of corporate investors in a company very closely, which is 37.97% institutions for Energy Vault Holdings Inc that are currently holding shares of the company. SB INVESTMENT ADVISERS (UK) LTD is the top institutional holder at NRGV for having 18.54 million shares of worth $17.6 million. And as of 2024-06-30, it was holding 12.6076 of the company’s outstanding shares.
The second largest institutional holder is SAILINGSTONE CAPITAL PARTNERS LLC, which was holding about 8.15 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.5417 of outstanding shares, having a total worth of $7.74 million.
On the other hand, Victory Portfolios-Victory Global Energy Transition Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 4.81 shares of worth $5.92 million or 3.20% of the total outstanding shares. The later fund manager was in possession of 2.49 shares on Aug 31, 2024 , making its stake of worth around $3.06 million in the company or a holder of 1.66% of company’s stock.
