Moreover, the 36-month beta value for NRGV is 0.65. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 2 as “sell.”
The public float for NRGV is 77.44M and currently, short sellers hold a 18.18% of that float. On September 02, 2024, NRGV’s average trading volume was 558.80K shares.
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NRGV) stock’s latest price update
The stock price of Energy Vault Holdings Inc (NYSE: NRGV) has surged by 1.24 when compared to previous closing price of 1.00, but the company has seen a -6.48% decline in its stock price over the last five trading sessions. youtube.com reported 2024-08-07 that Rob Piconi, CEO of Energy Vault, joins Bloomberg Intelligence to discuss their recent company earnings and what it takes to use gravity to store renewable energy. ——– Get more on The Bloomberg Intelligence Podcast On Apple: http://bit.ly/3YrBfOi On Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r Follow us on X: https://twitter.com/BloombergRadio Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
NRGV’s Market Performance
Energy Vault Holdings Inc (NRGV) has seen a -6.48% fall in stock performance for the week, with a -4.72% decline in the past month and a -22.90% plunge in the past quarter. The volatility ratio for the week is 7.27%, and the volatility levels for the past 30 days are at 9.04% for NRGV. The simple moving average for the last 20 days is 6.16% for NRGV stock, with a simple moving average of -34.14% for the last 200 days.
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 -1.92% 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 -69.67% of loss for the given period.
Volatility was left at 9.04%, however, over the last 30 days, the volatility rate increased by 7.27%, as shares sank -1.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.62% upper at present.
During the last 5 trading sessions, NRGV fell by -6.48%, which changed the moving average for the period of 200-days by -58.61% in comparison to the 20-day moving average, which settled at $0.9504. In addition, Energy Vault Holdings Inc saw -56.65% 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 11,157 shares at the price of $0.85 back on Aug 09 ’24. After this action, Terruzzin Marco now owns 1,652,068 shares of Energy Vault Holdings Inc, valued at $9,450 using the latest closing price.
Ladwa Akshay, the Chief Engineering Officer of Energy Vault Holdings Inc, sale 10,946 shares at $0.85 during a trade that took place back on Aug 09 ’24, which means that Ladwa Akshay is holding 1,518,170 shares at $9,271 based on the most recent closing price.
Stock Fundamentals for NRGV
Current profitability levels for the company are sitting at:
- -0.32 for the present operating margin
- 0.04 for the gross margin
The net margin for Energy Vault Holdings Inc stands at -0.29. The total capital return value is set at -0.48. Equity return is now at value -39.92, with -28.03 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 -9.44. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -1195.89.
Currently, EBITDA for the company is -105.84 million with net debt to EBITDA at 1.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.13. The receivables turnover for the company is 7.68for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.87.
Conclusion
To wrap up, the performance of Energy Vault Holdings Inc (NRGV) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
