Growth Story Still Intact For Energy Vault Holdings Inc (NRGV)

Energy Vault Holdings Inc (NRGV) concluded trading on Thursday at a closing price of $1.79, with 0.47 million shares of worth about $0.84 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.80% during that period and on March 28, 2024 the price saw a gain of about 3.47%. Currently the company’s common shares owned by public are about 146.58M shares, out of which, 73.79M shares are available for trading.

Stock saw a price change of -0.56% in past 5 days and over the past one month there was a price change of 7.19%. Year-to-date (YTD), NRGV shares are showing a performance of -23.18% which decreased to -13.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.35 but also hit the highest price of $3.55 during that period. The average intraday trading volume for Energy Vault Holdings Inc shares is 846.87K. The stock is currently trading 2.52% above its 20-day simple moving average (SMA20), while that difference is up 5.29% for SMA50 and it goes to -24.68% lower than SMA200.

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Energy Vault Holdings Inc (NYSE: NRGV) currently have 146.58M outstanding shares and institutions hold larger chunk of about 21.74% of that.

The stock has a current market capitalization of $263.27M and its 3Y-monthly beta is at 0.57. It has posted earnings per share of -$0.69 in the same period. It has Quick Ratio of 2.42 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NRGV, volatility over the week remained 7.16% while standing at 9.45% over the month.

Analysts are in expectations that Energy Vault Holdings Inc (NRGV) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is $0.07 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.16 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 57.79% while it is estimated to increase by 96.37% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on March 13, 2024 offering an Outperform rating for the stock and assigned a target price range of between $6 and $5 to it. Coverage by ROTH MKM stated Energy Vault Holdings Inc (NRGV) stock as a Buy in their note to investors on January 16, 2024, suggesting a price target of $4 for the stock. On March 06, 2023, Guggenheim Downgrade their recommendations, while on June 29, 2022, Chardan Capital Markets Initiated their ratings for the stock with a price target of $13. Stock get a Buy rating from Guggenheim on March 22, 2022.

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