The price of Energy Vault Holdings Inc (NYSE: NRGV) closed at $1.81 in the last session, down -7.65% from day before closing price of $1.96. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 1051910 shares were traded. NRGV stock price reached its highest trading level at $1.9700 during the session, while it also had its lowest trading level at $1.7600.
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Ratios:
We take a closer look at NRGV’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.90 and its Current Ratio is at 4.16. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on January 16, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
On June 29, 2022, Chardan Capital Markets started tracking the stock assigning a Buy rating and target price of $13.Chardan Capital Markets initiated its Buy rating on June 29, 2022, with a $13 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 08 ’24 when Ladwa Akshay sold 7,700 shares for $1.60 per share. The transaction valued at 12,358 led to the insider holds 1,025,776 shares of the business.
Terruzzin Marco sold 6,480 shares of NRGV for $10,400 on Feb 08 ’24. The Chief Product Officer now owns 1,328,818 shares after completing the transaction at $1.60 per share. On Feb 08 ’24, another insider, ALEXANDER LAURENCE, who serves as the Chief Marketing Officer of the company, sold 4,804 shares for $1.60 each. As a result, the insider received 7,710 and left with 917,508 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 259.82M and an Enterprise Value of 186.31M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 0.58 whereas that against EBITDA is -1.88.
Stock Price History:
Over the past 52 weeks, NRGV has reached a high of $3.55, while it has fallen to a 52-week low of $1.35. The 50-Day Moving Average of the stock is 1.7644, while the 200-Day Moving Average is calculated to be 2.4160.
Shares Statistics:
According to the various share statistics, NRGV traded on average about 899.97K shares per day over the past 3-months and 716.65k shares per day over the past 10 days. A total of 138.53M shares are outstanding, with a floating share count of 72.03M. Insiders hold about 49.82% of the company’s shares, while institutions hold 22.28% stake in the company. Shares short for NRGV as of Feb 29, 2024 were 11.86M with a Short Ratio of 13.18, compared to 11.6M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.26% and a Short% of Float of 11.90%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.19, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.08 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.62 and -$0.73 for the fiscal current year, implying an average EPS of -$0.65. EPS for the following year is -$0.39, with 5 analysts recommending between -$0.28 and -$0.49.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $151.5M. It ranges from a high estimate of $179.8M to a low estimate of $111.6M. As of the current estimate, Energy Vault Holdings Inc’s year-ago sales were $100.32M, an estimated increase of 51.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $95.43M, an increase of 735.50% over than the figure of $51.00% in the same quarter last year. There is a high estimate of $132.7M for the next quarter, whereas the lowest estimate is $38.7M.
A total of 5 analysts have provided revenue estimates for NRGV’s current fiscal year. The highest revenue estimate was $403.1M, while the lowest revenue estimate was $335M, resulting in an average revenue estimate of $374.82M. In the same quarter a year ago, actual revenue was $145.88M, up 156.90% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $660.07M in the next fiscal year. The high estimate is $856.84M and the low estimate is $465.2M. The average revenue growth estimate for next year is up 76.10% from the average revenue estimate for this year.
