In today’s recent session, 1.65 million shares of the Energy Vault Holdings Inc (NYSE:NRGV) have been traded, and its beta is 0.66. Most recently the company’s share price was $1.89, and it changed around $0.25 or 15.55% from the last close, which brings the market valuation of the company to $285.16M. NRGV at last check was trading at a discount to its 52-week high of $3.22, offering almost -70.37% off that amount. The share price’s 52-week low was $0.78, which indicates that the recent value has risen by an impressive 58.73% since then. We note from Energy Vault Holdings Inc’s average daily trading volume that its 10-day average is 1.59 million shares, with the 3-month average coming to 800.25K.
Energy Vault Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.60. If we narrow it down even further, the data shows that 2 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended NRGV as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Energy Vault Holdings Inc is expected to report earnings per share of -0.14 for the current quarter.
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Energy Vault Holdings Inc (NYSE:NRGV) trade information
Instantly NRGV has been showing a green trend so far today with a performance of 15.55% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.1400 on recent trading dayincreased the stock’s daily price by 11.68%. The company’s shares are currently down -18.67% year-to-date, but still up 7.67% over the last five days. On the other hand, Energy Vault Holdings Inc (NYSE:NRGV) is 99.47% up in the 30-day period. We can see from the shorts that 16.87 million shares have been sold at a short interest cover period of 18.22 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to increase their stock price by 24.4% from its current value. Analyst projections state that NRGV is forecast to be at a low of $0.75 and a high of $5.
Energy Vault Holdings Inc (NRGV) estimates and forecasts
Energy Vault Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 51.60 percent over the past six months and at a 13.04% annual growth rate that is well above the industry average of -5.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -7.70% in revenue this quarter, and will report an increase of 14.30% in the next quarter. The year-over-year growth rate is expected to be -77.60%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 13.4M in revenue for the current quarter. 4 analysts expect Energy Vault Holdings Inc to make 38.6M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 172.21M and 118.24M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -92.20%. Forecasts for the next quarter put sales growth at -67.40%.
NRGV Dividends
Energy Vault Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.
Energy Vault Holdings Inc (NYSE:NRGV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 19.78% of Energy Vault Holdings Inc shares, and 37.98% of them are in the hands of institutional investors. The stock currently has a share float of 47.34%. Energy Vault Holdings Inc stock is held by 140.0 institutions, with SB INVESTMENT ADVISERS (UK) LTD being the largest institutional investor. By 2024-06-30, it held 12.6076% of the shares, which is about 18.54 million shares worth $17.6 million.
SAILINGSTONE CAPITAL PARTNERS LLC, with 5.5417% or 8.15 million shares worth $7.74 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
