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After finishing at $1.08 in the prior trading day, Energy Vault Holdings Inc (NYSE: NRGV) closed at $1.02, down -5.56%. In other words, the price has decreased by -$5.56 from its previous closing price. On the day, 0.83 million shares were traded. NRGV stock price reached its highest trading level at $1.09 during the session, while it also had its lowest trading level at $1.01.
Ratios:
Our goal is to gain a better understanding of NRGV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.89 and its Current Ratio is at 2.97. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On March 13, 2024, TD Cowen reiterated its Outperform rating and also upped its target price recommendation from $6 to $5.
On January 16, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $4.ROTH MKM initiated its Buy rating on January 16, 2024, with a $4 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 05 ’24 when Ladwa Akshay sold 3,470 shares for $0.96 per share. The transaction valued at 3,349 led to the insider holds 1,529,116 shares of the business.
Terruzzin Marco sold 34,129 shares of NRGV for $39,726 on Jun 07 ’24. The Chief Product Officer now owns 1,663,225 shares after completing the transaction at $1.16 per share. On Jun 07 ’24, another insider, McMorrow Josh, who serves as the Chief Legal Officer of the company, sold 22,406 shares for $1.16 each. As a result, the insider received 26,081 and left with 944,763 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NRGV now has a Market Capitalization of 157450272 and an Enterprise Value of 26509486. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.078 whereas that against EBITDA is -0.273.
Stock Price History:
Over the past 52 weeks, NRGV has reached a high of $3.52, while it has fallen to a 52-week low of $0.91. The 50-Day Moving Average of the stock is -9.87%, while the 200-Day Moving Average is calculated to be -39.10%.
Shares Statistics:
The stock has traded on average 623.58K shares per day over the past 3-months and 507030 shares per day over the last 10 days, according to various share statistics. A total of 146.58M shares are outstanding, with a floating share count of 84.38M. Insiders hold about 43.31% of the company’s shares, while institutions hold 21.75% stake in the company. Shares short for NRGV as of 1721001600 were 13287352 with a Short Ratio of 21.31, compared to 1718323200 on 14396963. Therefore, it implies a Short% of Shares Outstanding of 13287352 and a Short% of Float of 12.9.
