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After finishing at $1.27 in the prior trading day, Energy Vault Holdings Inc (NYSE: NRGV) closed at $1.25, down -1.57%. In other words, the price has decreased by -$1.57 from its previous closing price. On the day, 0.83 million shares were traded. NRGV stock price reached its highest trading level at $1.29 during the session, while it also had its lowest trading level at $1.23.
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.
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:
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 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 184835008 and an Enterprise Value of 76145200. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 0.223 whereas that against EBITDA is -0.723.
Stock Price History:
The Beta on a monthly basis for NRGV is 0.70, which has changed by -0.26035506 over the last 52 weeks, in comparison to a change of 0.23568535 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 -20.64%, while the 200-Day Moving Average is calculated to be -43.78%.
Shares Statistics:
The stock has traded on average 844.76K shares per day over the past 3-months and 791630 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 75.96M. Insiders hold about 48.63% of the company’s shares, while institutions hold 21.69% stake in the company. Shares short for NRGV as of 1713139200 were 12405228 with a Short Ratio of 14.68, compared to 1710460800 on 11622980. Therefore, it implies a Short% of Shares Outstanding of 12405228 and a Short% of Float of 12.16.
Earnings Estimates
Energy Vault Holdings Inc (NRGV) is currently under the scrutiny of 5.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.11 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 -$0.15.
Analysts are recommending an EPS of between -$0.27 and -$0.48 for the fiscal current year, implying an average EPS of -$0.37. EPS for the following year is -$0.15, with 5.0 analysts recommending between $0.06 and -$0.29.
Revenue Estimates
4 analysts predict $12.57M in revenue for the current quarter. It ranges from a high estimate of $15.69M to a low estimate of $11.3M. As of the current estimate, Energy Vault Holdings Inc’s year-ago sales were $11.42MFor the next quarter, 4 analysts are estimating revenue of $33.42M. There is a high estimate of $59.19M for the next quarter, whereas the lowest estimate is $20.3M.
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 $221.54M. In the same quarter a year ago, actual revenue was $341.54MBased on 4 analysts’ estimates, the company’s revenue will be $659.85M in the next fiscal year. The high estimate is $983.29M and the low estimate is $258.8M.
