Energy Vault (NYSE:NRGV) Hits New 1-Year High - What's Next?

Key Points

• Energy Vault Holdings, Inc. shares hit a new 52-week high of $3.79, with a significant trading volume of around 4.5 million shares.
• Research analysts have mixed ratings on Energy Vault, with a consensus rating of "Hold" and an average target price of $1.67 despite Goldman Sachs raising its target price from $0.50 to $1.50.
• CEO Robert Piconi purchased 50,000 shares at $2.30 each, reflecting increased insider confidence, while other insiders sold shares, indicating varied sentiment within the company.

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $3.79 and last traded at $3.75, with a volume of 4477497 shares traded. The stock had previously closed at $3.34.

Analyst Ratings Changes

A number of research analysts recently commented on NRGV shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Energy Vault in a report on Saturday, September 27th. The Goldman Sachs Group boosted their target price on shares of Energy Vault from $0.50 to $1.50 and gave the stock a "sell" rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1.67.

Energy Vault Trading Up 12.4%

The company's 50 day moving average is $2.23 and its 200 day moving average is $1.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $607.75 million, a price-to-earnings ratio of -3.87 and a beta of 0.93.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.15). Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%.The business had revenue of $8.51 million during the quarter, compared to analyst estimates of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. On average, research analysts forecast that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert Piconi purchased 50,000 shares of Energy Vault stock in a transaction that occurred on Wednesday, September 17th. The shares were acquired at an average price of $2.30 per share, for a total transaction of $115,000.00. Following the transaction, the chief executive officer directly owned 20,182,384 shares in the company, valued at approximately $46,419,483.20. This represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Akshay Ladwa sold 75,000 shares of the firm's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $3.11, for a total transaction of $233,250.00. Following the completion of the sale, the insider owned 1,934,582 shares of the company's stock, valued at $6,016,550.02. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 132,400 shares of company stock valued at $288,130 and sold 266,024 shares valued at $637,479. 19.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NRGV. Ground Swell Capital LLC bought a new position in shares of Energy Vault in the 2nd quarter worth $26,000. Catalyst Funds Management Pty Ltd acquired a new position in Energy Vault during the second quarter valued at approximately $36,000. XTX Topco Ltd bought a new stake in Energy Vault in the second quarter valued at approximately $39,000. Tower Research Capital LLC TRC raised its holdings in Energy Vault by 570.6% in the second quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company's stock worth $57,000 after purchasing an additional 67,199 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Energy Vault by 381.1% during the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company's stock worth $73,000 after purchasing an additional 83,410 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Energy Vault Company Profile

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.

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