After finishing at $1.68 in the prior trading day, Energy Vault Holdings Inc (NYSE: NRGV) closed at $1.64, down -2.38%. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 948124 shares were traded.
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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 2.42 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 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 241.21M and an Enterprise Value of 133.15M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 0.39 whereas that against EBITDA is -1.36.
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 1.7372, while the 200-Day Moving Average is calculated to be 2.4101.
Shares Statistics:
The stock has traded on average 892.08K shares per day over the past 3-months and 925.26k 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 73.80M. Insiders hold about 49.82% of the company’s shares, while institutions hold 21.74% stake in the company. Shares short for NRGV as of Feb 29, 2024 were 11.86M with a Short Ratio of 13.30, 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
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.16, while EPS last year was -$0.22. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.07 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.19 and -$0.49 for the fiscal current year, implying an average EPS of -$0.32. EPS for the following year is -$0.02, with 6 analysts recommending between $0.48 and -$0.35.
Revenue Estimates
4 analysts predict $95.03M in revenue for the current quarter. It ranges from a high estimate of $132.7M 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 732.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $115.19M, an increase of 108.30% less than the figure of $732.00% 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 5 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 $572.06M. In the same quarter a year ago, actual revenue was $341.54M, up 67.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.22B 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 113.70% from the average revenue estimate for this year.
