In the last trading session, 2.74 million Energy Vault Holdings Inc (NYSE:NRGV) shares changed hands as the company’s beta touched 0.66. With the company’s per share price at $1.51 changed hands at $0.27 or 21.77% during last session, the market valuation stood at $227.22M. NRGV’s last price was a discount, traded about -113.25% off its 52-week high of $3.22. The share price had its 52-week low at $0.78, which suggests the last value was 48.34% up since then. When we look at Energy Vault Holdings Inc’s average trading volume, we note the 10-day average is 1.22 million shares, with the 3-month average coming to 644.42K.
Analysts gave the Energy Vault Holdings Inc (NRGV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NRGV as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Energy Vault Holdings Inc’s EPS for the current quarter is expected to be -0.14.
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Energy Vault Holdings Inc (NYSE:NRGV) trade information
Instantly NRGV was in green as seen at the end of in last trading. With action 37.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -35.19%, with the 5-day performance at 37.27% in the green. However, in the 30-day time frame, Energy Vault Holdings Inc (NYSE:NRGV) is 41.12% up. Looking at the short shares, we see there were 15.83 million shares sold at short interest cover period of 21.61 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need an upside of 39.6% from its current market value. According to analyst projections, NRGV’s forecast low is 0.75 with 5 as the target high. To hit the forecast high, the stock’s price needs a -231.13% plunge from its current level, while the stock would need to tank 50.33% for it to hit the projected low.
Energy Vault Holdings Inc (NRGV) estimates and forecasts
Data shows that the Energy Vault Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 39.81% over the past 6 months, a 13.04% in annual growth rate that is considerably higher than the industry average of -5.30%. Year-over-year growth is forecast to reach -77.60% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 13.4M. 4 analysts are of the opinion that Energy Vault Holdings Inc’s revenue for the current quarter will be 38.6M. The company’s revenue for the corresponding quarters a year ago was 172.21M and 118.24M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -92.20%. The estimates for the next quarter sales put growth at -67.40%.
The 2024 estimates are for Energy Vault Holdings Inc earnings to increase by 24.32%.
NRGV Dividends
Energy Vault Holdings Inc is expected to release its next quarterly earnings report in November.
Energy Vault Holdings Inc (NYSE:NRGV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.78% of Energy Vault Holdings Inc shares while 37.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.33%. There are 37.97% institutions holding the Energy Vault Holdings Inc stock share, with SB INVESTMENT ADVISERS (UK) LTD the top institutional holder. As of 2024-06-30, the company held 12.6076% of the shares, roughly 18.54 million NRGV shares worth $17.6 million.
SAILINGSTONE CAPITAL PARTNERS LLC holds the second largest percentage of outstanding shares, with 5.5417% or 8.15 million shares worth $7.74 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Victory Portfolios-Victory Global Energy Transition Fund and iShares Russell 2000 ETF . With 4.81 shares estimated at $7.27 million under it, the former controlled 3.20% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.61% of the shares, roughly 2.42 shares worth around $3.66 million.
