Energy Vault (NYSE:NRGV) Director Dylan Hixon Purchases 27,472 Shares

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Dylan Hixon acquired 27,472 shares of the company’s stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $3.88 per share, for a total transaction of $106,591.36. Following the purchase, the director directly owned 27,472 shares of the company’s stock, valued at approximately $106,591.36. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Dylan Hixon also recently made the following trade(s):

• On Friday, August 14th, Dylan Hixon acquired 85,518 shares of Energy Vault stock. The stock was acquired at an average cost of $3.74 per share, with a total value of $319,837.32.

Energy Vault Stock Performance

Shares of NYSE NRGV opened at $3.67 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault Holdings, Inc. has a 12 month low of $1.40 and a 12 month high of $6.64. The stock has a 50 day moving average of $3.65 and a 200-day moving average of $3.92. The company has a market capitalization of $653.29 million, a P/E ratio of -5.55 and a beta of 1.21.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The business had revenue of $17.37 million during the quarter, compared to the consensus estimate of $14.24 million. As a group, equities research analysts predict that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Hedge Funds Weigh In On Energy Vault

Several institutional investors and hedge funds have recently modified their holdings of the business. Forte Asset Management LLC acquired a new stake in Energy Vault in the 1st quarter worth about $33,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Energy Vault during the 3rd quarter worth approximately $36,000. XTX Topco Ltd bought a new position in shares of Energy Vault during the second quarter worth approximately $39,000. Banco BTG Pactual S.A. bought a new position in shares of Energy Vault during the third quarter worth approximately $43,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Energy Vault in the first quarter valued at approximately $48,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRGV has been the topic of a number of research reports. Weiss Ratings lowered shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and decreased their target price for the company from $5.25 to $5.00 in a research report on Wednesday, July 22nd. Fundamental Research set a $8.03 target price on Energy Vault and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wall Street Zen cut Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Energy Vault presently has an average rating of “Hold” and an average price target of $5.81.

About Energy Vault

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.