Energy Vault Holdings Inc [NYSE: NRGV] stock went on an upward path that rose over 13.41% on Wednesday, amounting to a one-week price increase of more than 5.68%.
Over the last 12 months, NRGV stock dropped by -0.53%. The one-year Energy Vault Holdings Inc stock forecast points to a potential downside of -0.54. The average equity rating for NRGV stock is currently 2.60, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $279.90 million, with 146.58 million shares outstanding and 77.42 million shares in the current float. Compared to the average trading volume of 800.25K shares, NRGV stock reached a trading volume of 3563322 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Energy Vault Holdings Inc [NRGV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NRGV shares is $1.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NRGV stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Chardan Capital Markets have made an estimate for Energy Vault Holdings Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on April 08, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $6 to $5. The new note on the price target was released on March 13, 2024, representing the official price target for Energy Vault Holdings Inc stock. Previously, the target price had yet another raise to $4, while ROTH MKM analysts kept a Buy rating on NRGV stock.
The Average True Range (ATR) for Energy Vault Holdings Inc is set at 0.19, with the Price to Sales ratio for NRGV stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 0.75.
NRGV Stock Performance Analysis:
Energy Vault Holdings Inc [NRGV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.68. With this latest performance, NRGV shares gained by 95.79% in over the last four-week period, additionally plugging by 48.80% over the last 6 months – not to mention a drop of -0.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NRGV stock in for the last two-week period is set at 70.13, with the RSI for the last a single of trading hit 71.35, and the three-weeks RSI is set at 68.06 for Energy Vault Holdings Inc [NRGV]. The present Moving Average for the last 50 days of trading for this stock 1.1145, while it was recorded at 1.7140 for the last single week of trading, and 1.2921 for the last 200 days.
Insight into Energy Vault Holdings Inc Fundamentals:
Energy Vault Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.77 and a Current Ratio set at 2.87.
NRGV Stock EPS
With the latest financial reports released by the company, Energy Vault Holdings Inc posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NRGV.
Energy Vault Holdings Inc [NRGV] Institutonal Ownership Details
There are presently around $37.98%, or 47.34%% of NRGV stock, in the hands of institutional investors. The top three institutional holders of NRGV stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 18.54 million shares, which is approximately 12.6076%. SAILINGSTONE CAPITAL PARTNERS LLC, holding 8.15 million shares of the stock with an approximate value of $$7.74 million in NRGV stocks shares; and SAILINGSTONE CAPITAL PARTNERS LLC, currently with $$6.15 million in NRGV stock with ownership which is approximately 4.4075%.
