Energy Vault (NYSE:NRGV) Trading Down 8.4% - Time to Sell?

Key Points

• Energy Vault's stock price decreased by 8.4% during trading, closing at $4.03 after hitting a low of $4.05, with trading volume down 28% from average levels.
• Research reports have shown a mixed consensus on Energy Vault, with two analysts rating it as a "Buy" and two as a "Sell," while the overall rating is a "Hold" with an average price target of $1.67.
• The company reported a negative earnings per share (EPS) of ($0.22) for the last quarter, falling short of the consensus estimate by ($0.15), along with a significant revenue miss of over $22 million.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report)'s stock price dropped 8.4% during trading on Thursday . The company traded as low as $4.05 and last traded at $4.03. Approximately 1,389,533 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 1,937,425 shares. The stock had previously closed at $4.40.

Analyst Upgrades and Downgrades

NRGV has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Energy Vault in a research note on Tuesday. The Goldman Sachs Group lifted their price target on Energy Vault from $0.50 to $1.50 and gave the stock a "sell" rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1.67.

Energy Vault Stock Performance

The stock has a market cap of $640.12 million, a P/E ratio of -4.09 and a beta of 0.93. The company has a fifty day moving average of $2.41 and a 200 day moving average of $1.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66.

Energy Vault (NYSE:NRGV - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.22) 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 firm 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, equities analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Energy Vault news, CFO Michael Thomas Beer sold 50,000 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $2.17, for a total value of $108,500.00. Following the transaction, the chief financial officer owned 1,216,103 shares of the company's stock, valued at approximately $2,638,943.51. This represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Akshay Ladwa sold 75,000 shares of the company's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $3.11, for a total value of $233,250.00. Following the completion of the transaction, the insider directly owned 1,934,582 shares in the company, valued at $6,016,550.02. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 132,400 shares of company stock worth $288,130 and sold 266,024 shares worth $637,479. Corporate insiders own 15.40% of the company's stock.

Institutional Trading of Energy Vault

Several large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Energy Vault by 4.2% during the 1st 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 during the period. Mesirow Financial Investment Management Inc. raised its stake in Energy Vault by 19.0% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 125,000 shares of the company's stock valued at $90,000 after purchasing an additional 20,000 shares during the period. Ground Swell Capital LLC acquired a new stake in Energy Vault during the 2nd quarter valued at $26,000. Catalyst Funds Management Pty Ltd acquired a new stake in Energy Vault during the 2nd quarter valued at $36,000. Finally, XTX Topco Ltd purchased a new position in shares of Energy Vault during the 2nd quarter valued at $39,000. 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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