Energy Vault Holdings Inc (NYSE: NRGV) closed the day trading at $1.75 down -5.91% from the previous closing price of $1.86. In other words, the price has decreased by -$0.1100 from its previous closing price. On the day, 730186 shares were traded.
Ratios:
For a better understanding of NRGV, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.42 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, TD Cowen on March 13, 2024, Reiterated its Outperform rating but revised its target price to $5 from $6 previously.
On January 16, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $4.
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 Mar 19 ’24 when McMorrow Josh sold 20,468 shares for $1.63 per share. The transaction valued at 33,445 led to the insider holds 595,188 shares of the business.
ALEXANDER LAURENCE sold 20,385 shares of NRGV for $33,329 on Mar 19 ’24. The Chief Marketing Officer now owns 897,123 shares after completing the transaction at $1.64 per share. On Mar 19 ’24, another insider, Wiese Christopher, who serves as the Chief Operating Officer of the company, sold 10,956 shares for $1.63 each. As a result, the insider received 17,902 and left with 731,378 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 273.57M and an Enterprise Value of 165.51M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 0.48 whereas that against EBITDA is -1.69.
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 1.7144, while the 200-Day Moving Average is calculated to be 2.3491.
Shares Statistics:
Over the past 3-months, NRGV traded about 842.23K shares per day on average, while over the past 10 days, NRGV traded about 793.87k shares per day. A total of 146.58M shares are outstanding, with a floating share count of 73.79M. Insiders hold about 49.83% of the company’s shares, while institutions hold 21.75% stake in the company. Shares short for NRGV as of Mar 15, 2024 were 11.62M with a Short Ratio of 13.80, compared to 12.07M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.90% and a Short% of Float of 11.26%.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.16, while EPS last year was -$0.22. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.05 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.22 and -$0.38 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is $0.07, with 4 analysts recommending between $0.49 and -$0.22.
Revenue Estimates
3 analysts predict $47.83M in revenue for the current quarter. It ranges from a high estimate of $116.4M to a low estimate of $11.4M. As of the current estimate, Energy Vault Holdings Inc’s year-ago sales were $11.42M, an estimated increase of 318.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $87.7M, an increase of 58.60% less than the figure of $318.80% in the same quarter last year. There is a high estimate of $180.5M for the next quarter, whereas the lowest estimate is $23.4M.
A total of 4 analysts have provided revenue estimates for NRGV’s current fiscal year. The highest revenue estimate was $728M, while the lowest revenue estimate was $243.3M, resulting in an average revenue estimate of $490.61M. In the same quarter a year ago, actual revenue was $341.54M, up 43.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.23B in the next fiscal year. The high estimate is $1.97B and the low estimate is $744.3M. The average revenue growth estimate for next year is up 150.90% from the average revenue estimate for this year.
