Energy Vault Holdings Inc (NYSE: NRGV) is -28.76% lower on its value in year-to-date trading and has touched a low of $0.78 and a high of $2.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NRGV stock was last observed hovering at around $1.43 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $1.66, the stock is -9.95% and 25.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing 16.08% at the moment leaves the stock 27.03% off its SMA200. NRGV registered -36.64% loss for a year compared to 6-month gain of 41.88%. The firm has a 50-day simple moving average (SMA 50) of $1.30806 and a 200-day simple moving average (SMA200) of $1.306085.
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The stock witnessed a 34.96% loss in the last 1 month and extending the period to 3 months gives it a 70.13%, and is -11.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 19.21% over the week and 16.82% over the month.
Energy Vault Holdings Inc (NRGV) has around 183 employees, a market worth around $252.52M and $130.96M in sales. Profit margin for the company is -73.37%. Distance from 52-week low is 112.82% and -41.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-53.33%).
The EPS is expected to grow by 21.74% this year
141.0 institutions hold shares in Energy Vault Holdings Inc (NRGV), with institutional investors hold 46.12% of the company’s shares. The shares outstanding are 146.58M, and float is at 77.42M with Short Float at 24.34%. Institutions hold 37.09% of the Float.
The top institutional shareholder in the company is SB INVESTMENT ADVISERS (UK) LTD with over 18.54 million shares valued at $17.6 million. The investor’s holdings represent 12.6076 of the NRGV Shares outstanding. As of 2024-06-30, the second largest holder is SAILINGSTONE CAPITAL PARTNERS LLC with 8.15 million shares valued at $7.74 million to account for 5.5417 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.48 million shares representing 4.4075 and valued at over $6.15 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.4255 of the shares totaling 2.1 million with a market value of $1.99 million.
Energy Vault Holdings Inc (NRGV) Insider Activity
The most recent transaction is an insider sale by Piconi Robert, the company’s Chief Executive Officer. SEC filings show that Piconi Robert sold 2,859 shares of the company’s common stock on Nov 11 ’24 at a price of $2.09 per share for a total of $5967.0. Following the sale, the insider now owns 17.47 million shares.
Energy Vault Holdings Inc disclosed in a document filed with the SEC on Nov 11 ’24 that Ladwa Akshay (Chief Engineering Officer) sold a total of 11,027 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $2.09 per share for $23013.0. Following the transaction, the insider now directly holds 1.49 million shares of the NRGV stock.
Still, SEC filings show that on Nov 11 ’24, Wiese Christopher (Chief Operating Officer) disposed off 2,365 shares at an average price of $2.09 for $4936.0. The insider now directly holds 977,927 shares of Energy Vault Holdings Inc (NRGV).
