Energy Vault Holdings Inc (NYSE:NRGV)’s traded shares stood at 1.71 million during the last session, with the company’s beta value hitting 0.70. At the close of trading, the stock’s price was $1.76, to imply a decrease of -6.88% or -$0.13 in intraday trading. The NRGV share’s 52-week high remains $3.22, putting it -82.95% down since that peak but still an impressive 55.68% since price per share fell to its 52-week low of $0.78. The company has a valuation of $264.84M, with an average of 1.83 million shares in intraday trading volume over the past 10 days and average of 756.10K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Energy Vault Holdings Inc (NRGV), translating to a mean rating of 2.60. Of 4 analyst(s) looking at the stock, 1 analyst(s) give NRGV a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.14.
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Energy Vault Holdings Inc (NYSE:NRGV) trade information
After registering a -6.88% downside in the last session, Energy Vault Holdings Inc (NRGV) has traded red over the past five days. The 5-day price performance for the stock is 43.09%, and 72.55% over 30 days. With these gigs, the year-to-date price performance is -24.46%. Short interest in Energy Vault Holdings Inc (NYSE:NRGV) saw shorts transact 15.83 million shares and set a 21.61 days time to cover.
The extremes give us $0.75 and $5 for target low and target high price respectively. As such, NRGV has been trading -184.09% off suggested target high and 57.39% from its likely low.
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 40.80% up over the last 6 months, with its year-to-date growth rate higher than industry average at 13.04% against -3.30%. Revenue is forecast to shrink -7.70% this quarter before jumping 14.30% for the next one. The rating firms project that company’s revenue will shrink -77.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 13.4M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 38.6M.Earnings reports from the last fiscal year show that sales brought in 172.21M and 118.24M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -92.20% before dropping -67.40% in the following quarter.
NRGV Dividends
Energy Vault Holdings Inc has its next earnings report out in November. 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 (NYSE:NRGV)’s Major holders
Energy Vault Holdings Inc insiders hold 19.78% of total outstanding shares, with institutional holders owning 37.97% of the shares at 47.33% float percentage. In total, 37.97% institutions holds shares in the company, led by SB INVESTMENT ADVISERS (UK) LTD. As of 2024-06-30, the company held over 18.54 million shares (or 12.6076% of shares), all amounting to roughly $17.6 million.
The next major institution holding the largest number of shares is SAILINGSTONE CAPITAL PARTNERS LLC with 8.15 million shares, or about 5.5417% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.74 million.
