Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of Energy Vault Holdings Inc (NYSE: NRGV) closed at $1.08 in the last session, up 0.93% from day before closing price of $1.07. In other words, the price has increased by $0.93 from its previous closing price. On the day, 0.67 million shares were traded. NRGV stock price reached its highest trading level at $1.11 during the session, while it also had its lowest trading level at $1.05.
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 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.
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:
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 Apr 12 ’24 when Ladwa Akshay sold 4,791 shares for $1.19 per share. The transaction valued at 5,701 led to the insider holds 1,007,423 shares of the business.
McMorrow Josh sold 20,468 shares of NRGV for $33,445 on Mar 19 ’24. The Chief Legal Officer now owns 595,188 shares after completing the transaction at $1.63 per share. On Mar 19 ’24, another insider, ALEXANDER LAURENCE, who serves as the Chief Marketing Officer of the company, sold 20,385 shares for $1.64 each. As a result, the insider received 33,329 and left with 897,123 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 159697440 and an Enterprise Value of 51141712. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.15 whereas that against EBITDA is -0.486.
Stock Price History:
The Beta on a monthly basis for NRGV is 0.80, which has changed by -0.37572253 over the last 52 weeks, in comparison to a change of 0.2006725 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 -34.92%, while the 200-Day Moving Average is calculated to be -52.86%.
Shares Statistics:
According to the various share statistics, NRGV traded on average about 871.86K shares per day over the past 3-months and 1244030 shares per day over the past 10 days. A total of 146.58M shares are outstanding, with a floating share count of 75.96M. Insiders hold about 48.63% of the company’s shares, while institutions hold 21.64% stake in the company. Shares short for NRGV as of 1711584000 were 11893508 with a Short Ratio of 13.64, compared to 1709164800 on 11862360. Therefore, it implies a Short% of Shares Outstanding of 11893508 and a Short% of Float of 11.5200005.
Earnings Estimates
A detailed examination of Energy Vault Holdings Inc (NRGV) is currently in progress, with 4 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.16, while EPS last year was -$0.22. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.09 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.27 and -$0.48 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.12, with 4 analysts recommending between $0.06 and -$0.29.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $13M. It ranges from a high estimate of $15.69M 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 13.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $37.8M, a decrease of -31.60% less than the figure of $13.80% in the same quarter last year. There is a high estimate of $59.19M 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 $564.6M, while the lowest revenue estimate was $127.8M, resulting in an average revenue estimate of $340.56M. In the same quarter a year ago, actual revenue was $341.54M, down -0.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $793.53M in the next fiscal year. The high estimate is $983.29M and the low estimate is $653M. The average revenue growth estimate for next year is up 133.00% from the average revenue estimate for this year.
