Energy Vault (NYSE:NRGV) Trading Up 11% – Time to Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s share price rose 11% on Tuesday . The company traded as high as $4.09 and last traded at $4.2640. 508,729 shares traded hands during trading, a decline of 89% from the average daily volume of 4,519,227 shares. The stock had previously closed at $3.84.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen cut Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Weiss Ratings downgraded Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 price target on shares of Energy Vault in a research note on Wednesday, August 12th. Finally, Citigroup increased their price target on Energy Vault from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.01.

Energy Vault Price Performance

The firm has a market capitalization of $793.91 million, a P/E ratio of -6.60 and a beta of 1.24. The business has a 50-day moving average of $3.51 and a 200 day moving average of $3.88. 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 (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 return on equity of 236.83% and a negative net margin of 48.58%.The firm had revenue of $17.37 million for the quarter, compared to analyst estimates of $14.24 million. On average, sell-side analysts predict that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Transactions at Energy Vault

In other news, Director Dylan Hixon bought 85,518 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $3.74 per share, for a total transaction of $319,837.32. Following the acquisition, the director directly owned 31,864 shares in the company, valued at approximately $119,171.36. This trade represents a -159.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephanie Unwin sold 115,000 shares of Energy Vault stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $3.71, for a total transaction of $426,650.00. Following the completion of the sale, the director directly owned 182,245 shares of the company’s stock, valued at approximately $676,128.95. The trade was a 38.69% decrease in their position. The SEC filing for this sale provides additional information. 17.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Vault

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Forte Asset Management LLC acquired a new stake in shares of Energy Vault in the 1st quarter worth about $33,000. Mercer Global Advisors Inc. ADV acquired a new position in Energy Vault during the 3rd quarter valued at about $36,000. XTX Topco Ltd bought a new stake in Energy Vault during the 2nd quarter worth approximately $39,000. Banco BTG Pactual S.A. bought a new stake in Energy Vault during the 3rd quarter worth approximately $43,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Energy Vault in the first quarter worth approximately $48,000. 40.03% of the stock is owned by institutional investors.

Energy Vault Company Profile

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.