Market Insights: Energy Vault Holdings Inc (NRGV)’s Notable Gain of 0.99, Closing at 1.02

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As of close of business last night, Energy Vault Holdings Inc’s stock clocked out at $1.02, up 0.99% from its previous closing price of $1.01. In other words, the price has increased by $0.99 from its previous closing price. On the day, 0.57 million shares were traded. NRGV stock price reached its highest trading level at $1.03 during the session, while it also had its lowest trading level at $1.0.

Ratios:

To gain a deeper understanding of NRGV’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.77 and its Current Ratio is at 2.87. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 13 ’24 when Piconi Robert bought 300,000 shares for $0.87 per share. The transaction valued at 260,190 led to the insider holds 17,476,220 shares of the business.

ALEXANDER LAURENCE sold 24,208 shares of NRGV for $20,020 on Sep 09 ’24. The Chief Marketing Officer now owns 1,189,336 shares after completing the transaction at $0.83 per share. On Sep 06 ’24, another insider, Icoren Goncagul, who serves as the Chief People Officer of the company, sold 19,466 shares for $0.85 each. As a result, the insider received 16,585 and left with 865,757 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 153493680 and an Enterprise Value of 49219932. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 0.163 whereas that against EBITDA is -0.522.

Stock Price History:

Over the past 52 weeks, NRGV has reached a high of $3.22, while it has fallen to a 52-week low of $0.78. The 50-Day Moving Average of the stock is 1.68%, while the 200-Day Moving Average is calculated to be -28.05%.

Shares Statistics:

It appears that NRGV traded 572.73K shares on average per day over the past three months and 889220 shares per day over the past ten days. A total of 146.58M shares are outstanding, with a floating share count of 77.28M. Insiders hold about 48.65% of the company’s shares, while institutions hold 25.81% stake in the company. Shares short for NRGV as of 1724976000 were 15023326 with a Short Ratio of 26.23, compared to 1722384000 on 14324763. Therefore, it implies a Short% of Shares Outstanding of 15023326 and a Short% of Float of 14.35.

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