Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CFO Michael Thomas Beer sold 33,897 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $0.81, for a total transaction of $27,456.57. Following the completion of the sale, the chief financial officer directly owned 1,266,103 shares in the company, valued at $1,025,543.43. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Energy Vault Stock Performance
Shares of NRGV stock traded down $0.00 during trading hours on Friday, reaching $0.81. The stock had a trading volume of 537,226 shares, compared to its average volume of 1,303,814. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. Energy Vault Holdings, Inc. has a twelve month low of $0.60 and a twelve month high of $2.70. The firm has a 50-day simple moving average of $0.87 and a 200-day simple moving average of $1.14. The firm has a market capitalization of $126.50 million, a PE ratio of -0.87 and a beta of 0.70.
Energy Vault (NYSE:NRGV - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.05. Energy Vault had a negative net margin of 288.98% and a negative return on equity of 74.45%. The firm had revenue of $8.53 million for the quarter, compared to analysts' expectations of $25.04 million. As a group, equities analysts forecast that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Energy Vault from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Read Our Latest Analysis on NRGV
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Energy Vault during the fourth quarter worth approximately $27,000. Shepherd Kaplan Krochuk LLC acquired a new stake in Energy Vault in the fourth quarter valued at approximately $31,000. BNP Paribas Financial Markets acquired a new stake in Energy Vault in the fourth quarter valued at approximately $44,000. XTX Topco Ltd acquired a new stake in Energy Vault in the fourth quarter valued at approximately $46,000. Finally, Squarepoint Ops LLC acquired a new stake in Energy Vault in the fourth quarter valued at approximately $50,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.
About Energy Vault
(
Get Free Report)
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.
Further Reading
Before you consider Energy Vault, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Vault wasn't on the list.
While Energy Vault currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
