The stock of Energy Vault Holdings Inc (NRGV) has seen a -12.31% decrease in the past week, with a 32.56% gain in the past month, and a 76.00% flourish in the past quarter. The volatility ratio for the week is 12.91%, and the volatility levels for the past 30 days are at 16.11% for NRGV. The simple moving average for the past 20 days is -6.89% for NRGV’s stock, with a 30.79% 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 0.47. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 2 rating it as “sell.”
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The public float for NRGV is 77.42M, and at present, short sellers hold a 24.34% of that float. The average trading volume of NRGV on November 13, 2024 was 970.93K shares.
NRGV) stock’s latest price update
The stock price of Energy Vault Holdings Inc (NYSE: NRGV) has dropped by -14.93 compared to previous close of 2.01. Despite this, the company has seen a fall of -12.31% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-12 that Energy Vault Holdings, Inc. (NYSE:NRGV ) Q3 2024 Earnings Call November 12, 2024 4:30 PM ET Company Participants Michael Beer – Chief Financial Officer Robert Piconi – Chairman and Chief Executive Officer Conference Call Participants Justin Clare – ROTH Capital Partners Alec Scheibelhoffer – Stifel Chris Ellinghaus – Siebert Williams Shank Noel Parks – Tuohy Brothers Operator Greetings and welcome to Energy Vault’s Third Quarter 2024 Earnings Call. [Operator Instructions] And as a reminder, this conference is being recorded.
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 30.17% 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 -39.79% of loss for the given period.
Volatility was left at 16.11%, however, over the last 30 days, the volatility rate increased by 12.91%, as shares surge +41.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +86.30% upper at present.
During the last 5 trading sessions, NRGV fell by -11.03%, which changed the moving average for the period of 200-days by +11.22% in comparison to the 20-day moving average, which settled at $1.84. In addition, Energy Vault Holdings Inc saw -26.61% 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 proposed sale 8,298 shares at the price of $2.09 back on Nov 11 ’24. After this action, Terruzzin Marco now owns shares of Energy Vault Holdings Inc, valued at $17,320 using the latest closing price.
Wiese Christopher, the Officer of Energy Vault Holdings Inc, proposed sale 2,365 shares at $2.09 during a trade that took place back on Nov 11 ’24, which means that Wiese Christopher is holding shares at $4,936 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 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -44.33. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -1195.89.
Currently, EBITDA for the company is -97.86 million with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. 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
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.
