The stock price of Energy Vault Holdings Inc (NYSE: NRGV) has jumped by 2.96 compared to previous close of 2.25. Despite this, the company has seen a gain of 37.08% in its stock price over the last five trading days. businesswire.com reported 2024-11-29 that LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that, effective on November 26, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted to 3 new, non-executive employees, restricted stock unit awards covering 96,000 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “.
Is It Worth Investing in Energy Vault Holdings Inc (NYSE: NRGV) Right Now?
The stock has a 36-month beta value of 0.46. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for NRGV is 86.52M, and at present, short sellers hold a 20.59% of that float. On December 30, 2024, the average trading volume of NRGV was 1.42M shares.
NRGV’s Market Performance
NRGV stock saw an increase of 37.08% in the past week, with a monthly gain of 22.57% and a quarterly increase of 141.31%. The volatility ratio for the week is 13.35%, and the volatility levels for the last 30 days are 12.36% for Energy Vault Holdings Inc (NRGV). The simple moving average for the last 20 days is 26.36% for NRGV’s stock, with a simple moving average of 75.90% 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 28.38% 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 -13.56% of loss for the given period.
Volatility was left at 12.36%, however, over the last 30 days, the volatility rate increased by 13.35%, as shares surge +11.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +84.68% upper at present.
During the last 5 trading sessions, NRGV rose by +35.50%, which changed the moving average for the period of 200-days by +36.31% in comparison to the 20-day moving average, which settled at $1.83. In addition, Energy Vault Holdings Inc saw -0.58% 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 Piconi Robert, who sale 9,697 shares at the price of $1.83 back on Dec 13 ’24. After this action, Piconi Robert now owns 17,613,664 shares of Energy Vault Holdings Inc, valued at $17,743 using the latest closing price.
Ladwa Akshay, the Chief Engineering Officer of Energy Vault Holdings Inc, sale 23,557 shares at $1.83 during a trade that took place back on Dec 13 ’24, which means that Ladwa Akshay is holding 1,462,364 shares at $43,102 based on the most recent closing price.
Stock Fundamentals for NRGV
Current profitability levels for the company are sitting at:
- -0.78 for the present operating margin
- 0.05 for the gross margin
The net margin for Energy Vault Holdings Inc stands at -0.73. The total capital return value is set at -0.56. Equity return is now at value -46.04, with -34.73 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 6.02. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -966.76.
Currently, EBITDA for the company is -97.86 million with net debt to EBITDA at 0.52. When we switch over and look at the enterprise to sales, we see a ratio of 2.37. The receivables turnover for the company is 4.35for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
To sum up, Energy Vault Holdings Inc (NRGV) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
