Energy Vault Holdings Inc’s Market Journey: Closing Weak at 1.11, Down -0.89

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

The closing price of Energy Vault Holdings Inc (NYSE: NRGV) was $1.11 for the day, down -0.89% from the previous closing price of $1.12. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 0.71 million shares were traded. NRGV stock price reached its highest trading level at $1.17 during the session, while it also had its lowest trading level at $1.06.

Ratios:

Our analysis of NRGV’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 03 ’24 when Terruzzin Marco sold 9,400 shares for $1.25 per share. The transaction valued at 11,759 led to the insider holds 1,697,354 shares of the business.

Ladwa Akshay sold 8,339 shares of NRGV for $10,432 on May 03 ’24. The Chief Engineering Officer now owns 1,549,084 shares after completing the transaction at $1.25 per share. On May 03 ’24, another insider, ALEXANDER LAURENCE, who serves as the Chief Marketing Officer of the company, sold 5,150 shares for $1.25 each. As a result, the insider received 6,443 and left with 1,241,973 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 165223504 and an Enterprise Value of 30975000. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.092 whereas that against EBITDA is -0.32.

Stock Price History:

The Beta on a monthly basis for NRGV is 0.67, which has changed by -0.39344263 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, NRGV has reached a high of $3.55, while it has fallen to a 52-week low of $1.05. The 50-Day Moving Average of the stock is -26.56%, while the 200-Day Moving Average is calculated to be -48.41%.

Shares Statistics:

NRGV traded an average of 840.15K shares per day over the past three months and 797660 shares per day over the past ten days. A total of 146.58M shares are outstanding, with a floating share count of 106.56M. Insiders hold about 28.45% of the company’s shares, while institutions hold 21.20% stake in the company. Shares short for NRGV as of 1714435200 were 13625219 with a Short Ratio of 16.22, compared to 1711584000 on 11893508. Therefore, it implies a Short% of Shares Outstanding of 13625219 and a Short% of Float of 13.350001.

Earnings Estimates

Currently, 4.0 analysts are dedicated to thoroughly evaluating and rating the performance of Energy Vault Holdings Inc (NRGV) in the stock market.On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.15, while EPS last year was -$0.18. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.05 and low estimates of -$0.13.

Analysts are recommending an EPS of between -$0.27 and -$0.48 for the fiscal current year, implying an average EPS of -$0.41. EPS for the following year is -$0.18, with 5.0 analysts recommending between $0.06 and -$0.29.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $59.19M to a low estimate of $20.3M. As of the current estimate, Energy Vault Holdings Inc’s year-ago sales were $55.3MFor the next quarter, 4 analysts are estimating revenue of $48.36M. There is a high estimate of $117.45M for the next quarter, whereas the lowest estimate is $14M.

A total of 4 analysts have provided revenue estimates for NRGV’s current fiscal year. The highest revenue estimate was $426.56M, while the lowest revenue estimate was $88.5M, resulting in an average revenue estimate of $190.56M. In the same quarter a year ago, actual revenue was $341.54MBased on 4 analysts’ estimates, the company’s revenue will be $598.15M in the next fiscal year. The high estimate is $983.29M and the low estimate is $258.8M.

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