Energy Vault Holdings Inc (NYSE:NRGV) has a beta value of 0.44 and has seen 0.76 million shares traded in the recent trading session. The company, currently valued at $414.95M, closed the recent trade at $2.48 per share which meant it lost -$0.05 on the day or -1.98% during that session. The NRGV stock price is -3.23% off its 52-week high price of $2.56 and 68.55% above the 52-week low of $0.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.5 million shares traded. The 3-month trading volume is 1.61 million shares.
The consensus among analysts is that Energy Vault Holdings Inc (NRGV) is Buy stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.11.
Energy Vault Holdings Inc (NYSE:NRGV) trade information
Sporting -1.98% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NRGV stock price touched $2.48 or saw a rise of 5.34%. Year-to-date, Energy Vault Holdings Inc shares have moved 8.76%, while the 5-day performance has seen it change 10.21%. Over the past 30 days, the shares of Energy Vault Holdings Inc (NYSE:NRGV) have changed 40.10%. Short interest in the company has seen 17.81 million shares shorted with days to cover at 13.08.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 0.8% from the levels at last check today. The projected low price target is $0.75 while the price target rests at a high of $5.0. In that case, then, we find that the latest price level in today’s session is -101.61% off the targeted high while a plunge would see the stock lose 69.76% from the levels at last check today.
Energy Vault Holdings Inc (NRGV) estimates and forecasts
Figures show that Energy Vault Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 150.48% over the past 6 months, with this year growth rate of 7.25%, compared to -3.90% for the industry. Revenue growth from the last financial year stood is estimated to be -83.82%.
4 analysts offering their estimates for the company have set an average revenue estimate of 42.51M for the current quarter. 4 have an estimated revenue figure of 30.6M for the next ending quarter. Year-ago sales stood 118.24M and 7.76M respectively for this quarter and the next, and analysts expect sales will shrink by -64.04% for the current quarter and -83.82% for the next.
NRGV Dividends
Energy Vault Holdings Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Energy Vault Holdings Inc (NYSE:NRGV)’s Major holders
Insiders own 19.83% of the company shares, while shares held by institutions stand at 38.10% with a share float percentage of 47.52%. Investors are also buoyed by the number of investors in a company, with Energy Vault Holdings Inc having a total of 142.0 institutions that hold shares in the company. The top two institutional holders are SB INVESTMENT ADVISERS (UK) LTD with over 18.54 million shares worth more than $17.6 million. As of 2024-06-30, SB INVESTMENT ADVISERS (UK) LTD held 12.6076% of shares outstanding.
The other major institutional holder is SAILINGSTONE CAPITAL PARTNERS LLC, with the holding of over 8.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.74 million and represent 5.5417% of shares outstanding.
