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As of close of business last night, Energy Vault Holdings Inc’s stock clocked out at $1.27, up 0.79% from its previous closing price of $1.26. In other words, the price has increased by $0.79 from its previous closing price. On the day, 0.81 million shares were traded. NRGV stock price reached its highest trading level at $1.2925 during the session, while it also had its lowest trading level at $1.2.
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 2.42 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:
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 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 187792352 and an Enterprise Value of 79086792. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 0.232 whereas that against EBITDA is -0.751.
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 $1.05. The 50-Day Moving Average of the stock is -18.28%, while the 200-Day Moving Average is calculated to be -42.39%.
Shares Statistics:
It appears that NRGV traded 838.59K shares on average per day over the past three months and 760150 shares per day over the past ten days. A total of 146.58M shares are outstanding, with a floating share count of 105.28M. Insiders hold about 28.80% of the company’s shares, while institutions hold 21.70% stake in the company. Shares short for NRGV as of 1713139200 were 12405228 with a Short Ratio of 14.79, compared to 1710460800 on 11622980. Therefore, it implies a Short% of Shares Outstanding of 12405228 and a Short% of Float of 12.16.
