During the last session, Energy Vault Holdings Inc (NYSE:NRGV)’s traded shares were 1.73 million, with the beta value of the company hitting 0.38. At the end of the trading day, the stock’s price was $1.54, reflecting an intraday gain of 4.05% or $0.06. The 52-week high for the NRGV share is $2.68, that puts it down -74.03 from that peak though still a striking 49.35% gain since the share price plummeted to a 52-week low of $0.78. The company’s market capitalization is $234.27M, and the average intraday trading volume over the past 10 days was 1.43 million shares, and the average trade volume was 1.07 million shares over the past three months.
Energy Vault Holdings Inc (NRGV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.60. NRGV has a Sell rating from 1 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.11.
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Energy Vault Holdings Inc (NYSE:NRGV) trade information
Energy Vault Holdings Inc (NRGV) registered a 4.05% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.05% in intraday trading to $1.54, hitting a weekly high. The stock’s 5-day price performance is -7.23%, and it has moved by -12.50% in 30 days. Based on these gigs, the overall price performance for the year is -32.16%. The short interest in Energy Vault Holdings Inc (NYSE:NRGV) is 18.84 million shares and it means that shorts have 14.83 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.5, which implies an increase of 38.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.75 and $5 respectively. As a result, NRGV is trading at a discount of -224.68% off the target high and 51.3% off the low.
Energy Vault Holdings Inc (NRGV) estimates and forecasts
Statistics show that Energy Vault Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Energy Vault Holdings Inc (NRGV) shares have gone up 31.62% during the last six months, with a year-to-date growth rate more than the industry average at 7.25% against -8.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -25.64% this quarter and then drop -10.23% in the quarter after that. In the rating firms’ projections, revenue will decrease -83.82% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 42.51M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 30.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 118.24M and 7.76M respectively. In this case, analysts expect current quarter sales to shrink by -64.04% and then jump by 294.40% in the coming quarter.
While earnings are projected to return 18.48% in 2024.
NRGV Dividends
Energy Vault Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Energy Vault Holdings Inc (NYSE:NRGV)’s Major holders
Energy Vault Holdings Inc insiders own 19.75% of total outstanding shares while institutional holders control 38.21%, with the float percentage being 47.62%. SB INVESTMENT ADVISERS (UK) LTD is the largest shareholder of the company, while 144.0 institutions own stock in it. As of 2024-06-30, the company held over 18.54 million shares (or 12.6076% of all shares), a total value of $17.6 million in shares.
The next largest institutional holding, with 8.15 million shares, is of SAILINGSTONE CAPITAL PARTNERS LLC’s that is approximately 5.5417% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.74 million.
