In the last trading session, 1.11 million Energy Vault Holdings Inc (NYSE:NRGV) shares changed hands as the company’s beta touched 0.49. With the company’s per share price at $2.06 changed hands at -$0.05 or -2.37% during last session, the market valuation stood at $347.92M. NRGV’s last price was a discount, traded about -46.12% off its 52-week high of $3.01. The share price had its 52-week low at $0.78, which suggests the last value was 62.14% up since then. When we look at Energy Vault Holdings Inc’s average trading volume, we note the 10-day average is 1.66 million shares, with the 3-month average coming to 949.79K.
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.
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Energy Vault Holdings Inc (NYSE:NRGV) trade information
Instantly NRGV was in red as seen at the end of in last trading. With action 0.49%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -11.59%, with the 5-day performance at 0.49% in the green. However, in the 30-day time frame, Energy Vault Holdings Inc (NYSE:NRGV) is 87.27% up. Looking at the short shares, we see there were 16.87 million shares sold at short interest cover period of 18.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need an upside of 17.6% 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 -142.72% plunge from its current level, while the stock would need to tank 63.59% 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 85.59% over the past 6 months, a 13.04% in annual growth rate that is considerably higher than the industry average of -5.40%.
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 December.
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 38.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.68%. There are 38.25% 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.
