Energy Vault (NYSE:NRGV) Reaches New 1-Year High - Should You Buy?

Key Points

• Energy Vault Holdings, Inc. (NYSE:NRGV) reached a new 52-week high of $3.72 during trading, closing at $3.61 with significant volume of over 1.17 million shares.
• Weiss Ratings has reissued a "sell" rating on Energy Vault, while overall analyst sentiment remains mixed with two Buy and two Sell ratings, leading to an average target price of $1.42.
• Insider selling occurred recently, with Akshay Ladwa selling 75,000 shares, a decrease in his position, while another director increased their stake by acquiring additional shares.

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $3.72 and last traded at $3.61, with a volume of 1174353 shares. The stock had previously closed at $3.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Energy Vault in a research note on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $1.42.

Energy Vault Trading Up 1.1%

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.11. The firm's 50-day moving average is $2.05 and its 200 day moving average is $1.26. The firm has a market capitalization of $536.86 million, a price-to-earnings ratio of -3.48 and a beta of 0.93.

Energy Vault (NYSE:NRGV - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) earnings per share 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 the consensus estimate of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. On average, equities analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Activity

In other Energy Vault news, insider Akshay Ladwa sold 75,000 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $3.11, for a total transaction of $233,250.00. Following the completion of the sale, the insider directly owned 1,934,582 shares in the company, valued at approximately $6,016,550.02. This trade represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dylan Hixon acquired 20,000 shares of the stock in a transaction dated Friday, August 29th. The stock was acquired at an average cost of $1.92 per share, with a total value of $38,400.00. Following the completion of the transaction, the director owned 900,065 shares in the company, valued at approximately $1,728,124.80. This represents a 2.27% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 132,400 shares of company stock worth $288,130 and have sold 266,024 shares worth $637,479. Company insiders own 19.80% of the company's stock.

Hedge Funds Weigh In On Energy Vault

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in shares of Energy Vault by 579.7% during the 2nd quarter. Jane Street Group LLC now owns 945,705 shares of the company's stock worth $678,000 after buying an additional 806,576 shares during the period. Private Capital Advisors Inc. grew its holdings in Energy Vault by 41.0% in the second quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company's stock worth $493,000 after purchasing an additional 200,000 shares during the period. Goldman Sachs Group Inc. increased its stake in Energy Vault by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock valued at $277,000 after purchasing an additional 16,101 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Energy Vault during the 2nd quarter worth about $206,000. Finally, Nuveen LLC bought a new stake in Energy Vault in the 1st quarter valued at about $190,000. 40.03% of the stock is owned by institutional investors and hedge funds.

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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