Energy Vault Holdings Inc (NYSE:NRGV) price on Friday, November 15, fall -12.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.46.
A look at the stock’s price movement, the close in the last trading session was $1.66, moving within a range at $1.45 and $1.69. The beta value (5-Year monthly) was 0.443. Turning to its 52-week performance, $2.84 and $0.78 were the 52-week high and 52-week low respectively. Overall, NRGV moved 17.74% over the past month.
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Energy Vault Holdings Inc’s market cap currently stands at around $222.10 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-12.
Analysts have a consensus estimate of 42.51M for the company’s revenue for the quarter, with a low and high estimate of 38M and 51.65M respectively. The average forecast suggests down to a -64.04% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 56.1M, representing a -83.57% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NRGV is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend NRGV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NRGV’s current price about -20.70% and 9.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.93, while 7-day volatility ratio is 20.31% and 17.17% in the 30-day chart. Further, Energy Vault Holdings Inc (NRGV) has a beta value of 0.40, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $2.5, forecast between a low of $0.75 and high of $5. Looking at the price targets, the low is 48.63% off current price level while to achieve the yearly target high, price needs to move -242.47%. Nonetheless, investors will most likely welcome a -71.23% jump to $2.5 which is the analysts’ median price.
If we refocus on Energy Vault Holdings Inc (NYSE:NRGV), historical trading data shows that trading volumes averaged 1.8 over the past 10 days and 1.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 146.58 million shares.
The 48.56% of Energy Vault Holdings Inc’s shares are in the hands of company insiders while institutional holders own 20.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.84 million on 2024-10-31, giving us a short ratio of 14.83. The data shows that as of 2024-10-31 short interest in Energy Vault Holdings Inc (NRGV) stood at 1800.0 of shares outstanding, with shares short rising to 15.83 million registered in 2024-09-30. Current price change has pushed the stock -37.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NRGV stock continues to rise going into the next quarter.
