Energy Vault (NYSE:NRGV) Trading 7.1% Higher - Still a Buy?

Key Points

• Energy Vault (NYSE:NRGV) shares rose by 7.1% to trade at $3.26, despite a significant decline in trading volume.
• The company reported a loss of $0.22 EPS for the last quarter, missing analyst estimates and reflecting a negative net margin of 279.38%.
• Insider trading activity includes Director Dylan Hixon purchasing 20,000 shares, while institutional investors significantly increased their stakes, with Jane Street Group boosting its holdings by 579.7%.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) shares traded up 7.1% during mid-day trading on Tuesday . The company traded as high as $3.28 and last traded at $3.26. 696,933 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 1,740,109 shares. The stock had previously closed at $3.04.

Energy Vault Price Performance

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 firm has a 50-day moving average price of $1.62 and a 200 day moving average price of $1.11. The stock has a market capitalization of $513.87 million, a P/E ratio of -3.26 and a beta of 0.82.

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

Insider Activity at Energy Vault

In other news, Director Dylan Hixon purchased 20,000 shares of the company's stock in a transaction on Friday, August 29th. The stock was acquired at an average price of $1.92 per share, with a total value of $38,400.00. Following the transaction, the director directly owned 900,065 shares of the company's stock, valued at approximately $1,728,124.80. This represents a 2.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Piconi acquired 17,500 shares of the stock in a transaction dated Friday, September 19th. The shares were purchased at an average cost of $3.02 per share, with a total value of $52,850.00. Following the completion of the purchase, the chief executive officer owned 20,199,884 shares of the company's stock, valued at approximately $61,003,649.68. The trade was a 0.09% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 132,400 shares of company stock worth $288,130 and sold 116,024 shares worth $161,979. 19.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Energy Vault

Large investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in Energy Vault by 579.7% in the second quarter. Jane Street Group LLC now owns 945,705 shares of the company's stock valued at $678,000 after acquiring an additional 806,576 shares in the last quarter. Millennium Management LLC increased its position in shares of Energy Vault by 122.5% during the fourth quarter. Millennium Management LLC now owns 1,442,399 shares of the company's stock valued at $3,289,000 after buying an additional 794,253 shares during the period. Private Capital Advisors Inc. raised its stake in Energy Vault by 766.1% in the first quarter. Private Capital Advisors Inc. now owns 487,260 shares of the company's stock worth $339,000 after buying an additional 431,000 shares in the last quarter. Marshall Wace LLP purchased a new stake in Energy Vault in the second quarter worth about $206,000. Finally, Nuveen LLC purchased a new position in shares of Energy Vault during the 1st quarter worth approximately $190,000. 40.03% of the stock is currently owned by institutional investors.

About Energy Vault

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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