Energy Vault Holdings Inc (NYSE: NRGV)’s stock price has soared by 0.57 in relation to previous closing price of 1.75. Nevertheless, the company has seen a gain of 1.73% in its stock price over the last five trading days. InvestorPlace reported 2024-03-14 that The slump in the hydrogen space, marked by a 20% year-to-date slide in the Global X Hydrogen ETF (NASDAQ: HYDR ), underscores a market teeming with undervalued hydrogen stocks. The market correction presents an excellent opportunity for investors bullish on undervalued hydrogen stocks to capitalize on their potential.
Is It Worth Investing in Energy Vault Holdings Inc (NYSE: NRGV) Right Now?
The 36-month beta value for NRGV is also noteworthy at 0.57. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NRGV is 73.79M, and at present, short sellers hold a 15.75% of that float. The average trading volume of NRGV on April 05, 2024 was 824.71K shares.
NRGV’s Market Performance
NRGV’s stock has seen a 1.73% increase for the week, with a 8.64% rise in the past month and a -12.87% fall in the past quarter. The volatility ratio for the week is 7.63%, and the volatility levels for the past 30 days are at 9.52% for Energy Vault Holdings Inc The simple moving average for the last 20 days is -0.90% for NRGV’s stock, with a simple moving average of -25.29% for the last 200 days.
Analysts’ Opinion of NRGV
Many brokerage firms have already submitted their reports for NRGV stocks, with TD Cowen repeating the rating for NRGV by listing it as a “Outperform.” The predicted price for NRGV in the upcoming period, according to TD Cowen is $5 based on the research report published on March 13, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see NRGV reach a price target of $4. The rating they have provided for NRGV stocks is “Buy” according to the report published on January 16th, 2024.
NRGV Trading at 3.09% from the 50-Day Moving Average
After a stumble in the market that brought NRGV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.42% of loss for the given period.
Volatility was left at 9.52%, however, over the last 30 days, the volatility rate increased by 7.63%, as shares surge +1.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.33% upper at present.
During the last 5 trading sessions, NRGV rose by +1.73%, which changed the moving average for the period of 200-days by -35.06% in comparison to the 20-day moving average, which settled at $1.7775. In addition, Energy Vault Holdings Inc saw -24.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NRGV starting from McMorrow Josh, who sale 20,468 shares at the price of $1.63 back on Mar 19 ’24. After this action, McMorrow Josh now owns 595,188 shares of Energy Vault Holdings Inc, valued at $33,445 using the latest closing price.
ALEXANDER LAURENCE, the Chief Marketing Officer of Energy Vault Holdings Inc, sale 20,385 shares at $1.64 during a trade that took place back on Mar 19 ’24, which means that ALEXANDER LAURENCE is holding 897,123 shares at $33,329 based on the most recent closing price.
Stock Fundamentals for NRGV
Current profitability levels for the company are sitting at:
- -0.31 for the present operating margin
- 0.05 for the gross margin
The net margin for Energy Vault Holdings Inc stands at -0.28. The total capital return value is set at -0.47. Equity return is now at value -38.49, with -25.99 for asset returns.
Based on Energy Vault Holdings Inc (NRGV), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -49.79. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -3049.6.
Currently, EBITDA for the company is -105.84 million with net debt to EBITDA at 1.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.34. The receivables turnover for the company is 2.94for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.50.
Conclusion
In summary, Energy Vault Holdings Inc (NRGV) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
