The stock of Energy Vault Holdings Inc (NRGV) has seen a 12.31% increase in the past week, with a -15.61% drop in the past month, and a 7.35% flourish in the past quarter. The volatility ratio for the week is 7.18%, and the volatility levels for the past 30 days are at 7.60% for NRGV. The simple moving average for the past 20 days is 17.22% for NRGV’s stock, with a -33.51% simple moving average for the past 200 days.
Is It Worth Investing in Energy Vault Holdings Inc (NYSE: NRGV) Right Now?
The 36-month beta value for NRGV is also noteworthy at 0.71. 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 105.28M, and at present, short sellers hold a 11.78% of that float. The average trading volume of NRGV on May 07, 2024 was 838.20K shares.
NRGV) stock’s latest price update
The stock price of Energy Vault Holdings Inc (NYSE: NRGV) has jumped by 14.96 compared to previous close of 1.27. Despite this, the company has seen a gain of 12.31% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-25 that The latest trading day saw Energy Vault Holdings, Inc. (NRGV) settling at $1.23, representing a -1.6% change from its previous close.
Analysts’ Opinion of NRGV
TD Cowen, on the other hand, stated in their research note that they expect to see NRGV reach a price target of $5, previously predicting the price at $6. The rating they have provided for NRGV stocks is “Outperform” according to the report published on March 13th, 2024.
ROTH MKM gave a rating of “Buy” to NRGV, setting the target price at $4 in the report published on January 16th of the current year.
NRGV Trading at -5.57% 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 -58.87% of loss for the given period.
Volatility was left at 7.60%, however, over the last 30 days, the volatility rate increased by 7.18%, as shares sank -7.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.32% lower at present.
During the last 5 trading sessions, NRGV rose by +12.31%, which changed the moving average for the period of 200-days by -52.75% in comparison to the 20-day moving average, which settled at $1.2395. In addition, Energy Vault Holdings Inc saw -37.34% 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 Terruzzin Marco, who sale 9,400 shares at the price of $1.25 back on May 03 ’24. After this action, Terruzzin Marco now owns 1,697,354 shares of Energy Vault Holdings Inc, valued at $11,759 using the latest closing price.
McMorrow Josh, the Chief Legal Officer of Energy Vault Holdings Inc, sale 3,019 shares at $1.25 during a trade that took place back on May 03 ’24, which means that McMorrow Josh is holding 967,169 shares at $3,777 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 0.21. 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.
