Energy Vault Sees Unusually Large Options Volume (NYSE:NRGV)

Key Points

• Energy Vault Holdings, Inc. experienced a significant rise in options trading, with 9,271 call options traded, marking a 360% increase from its average volume.
• Insider trading activity showed that Akshay Ladwa sold 75,000 shares while Director Dylan Hixon purchased 20,000 shares, indicating mixed sentiment among insiders regarding the stock.
• Despite a 2.9% increase in share price, Energy Vault reported a loss of ($0.22) earnings per share, missing analysts' expectations, and projected a challenging outlook with anticipated EPS of -0.64 for the current year.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors acquired 9,271 call options on the stock. This is an increase of approximately 360% compared to the average volume of 2,016 call options.

Insider Buying and Selling

In other 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 value of $233,250.00. Following the completion of the sale, the insider owned 1,934,582 shares of the company's stock, valued at approximately $6,016,550.02. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dylan Hixon acquired 20,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was bought at an average cost of $1.92 per share, for a total transaction of $38,400.00. Following the completion of the purchase, the director owned 900,065 shares of the company's stock, valued at $1,728,124.80. This trade represents a 2.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 132,400 shares of company stock valued at $288,130 and have sold 266,024 shares valued at $637,479. Company insiders own 19.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in shares of Energy Vault by 16.6% in the fourth quarter. Bank of America Corp DE now owns 260,330 shares of the company's stock worth $594,000 after purchasing an additional 37,129 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Energy Vault in the 4th quarter valued at $50,000. Private Capital Advisors Inc. lifted its stake in Energy Vault by 766.1% during the 1st quarter. Private Capital Advisors Inc. now owns 487,260 shares of the company's stock valued at $339,000 after acquiring an additional 431,000 shares in the last quarter. Nuveen LLC purchased a new position in Energy Vault during the 1st quarter worth $190,000. Finally, AQR Capital Management LLC grew its stake in shares of Energy Vault by 381.1% in the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company's stock worth $73,000 after acquiring an additional 83,410 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Energy Vault Stock Up 2.9%

Shares of NRGV stock traded up $0.09 on Tuesday, reaching $3.37. 3,632,705 shares of the company were exchanged, compared to its average volume of 1,874,560. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66. The company has a 50-day moving average of $2.05 and a 200-day moving average of $1.26. The company has a market cap of $546.08 million, a price-to-earnings ratio of -3.45 and a beta of 0.93. Energy Vault has a one year low of $0.60 and a one year high of $3.79.

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 for the quarter, missing analysts' consensus estimates 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 analyst estimates of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. Analysts anticipate that Energy Vault will post -0.64 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Energy Vault in a research note on Saturday, September 27th. Two research 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 price target of $1.42.

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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