Shares of Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $2.25.
A number of research analysts have commented on the stock. Stifel Nicolaus reduced their price target on shares of Energy Vault from $6.00 to $3.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. TD Cowen reduced their target price on shares of Energy Vault from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 13th. Finally, Roth Mkm lowered their price target on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.
Read Our Latest Research Report on Energy Vault
Insider Activity
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Bleakley Financial Group LLC bought a new position in Energy Vault in the fourth quarter worth about $33,000. Simplicity Solutions LLC purchased a new position in shares of Energy Vault during the fourth quarter valued at approximately $33,000. Mesirow Financial Investment Management Inc. grew its stake in shares of Energy Vault by 33.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock worth $76,000 after buying an additional 20,000 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Energy Vault during the 1st quarter valued at approximately $91,000. Finally, SG Americas Securities LLC raised its stake in Energy Vault by 28.5% during the fourth quarter. SG Americas Securities LLC now owns 54,009 shares of the company’s stock valued at $126,000 after buying an additional 11,992 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Energy Vault Stock Performance
Energy Vault stock opened at $0.79 on Thursday. Energy Vault has a fifty-two week low of $0.78 and a fifty-two week high of $3.38. The firm’s fifty day moving average price is $1.06 and its 200-day moving average price is $1.34. The stock has a market cap of $116.85 million, a P/E ratio of -1.31 and a beta of 0.65.
Energy Vault (NYSE:NRGV – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The firm had revenue of $3.77 million for the quarter, compared to the consensus estimate of $16.65 million. Energy Vault had a negative return on equity of 38.36% and a negative net margin of 26.17%. During the same period last year, the firm earned ($0.18) EPS. On average, analysts predict that Energy Vault will post -0.5 earnings per share for the current year.
Energy Vault Company Profile
Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.
Featured Stories
- Five stocks we like better than Energy Vault
- Quiet Period Expirations Explained
- Brinker International’s Price Dip is an Appetizing Entry Point
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- 3 Stocks That Could Beat the September Blues
- About the Markup Calculator
- Canopy Growth Stock: Can It Sustain Recent Gains?
Receive News & Ratings for Energy Vault Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Vault and related companies with MarketBeat.com's FREE daily email newsletter.