Energy Vault Holdings Inc (NRGV) Stock: A Closer Look

Energy Vault Holdings Inc [NRGV] stock prices are up 3.01% to $1.71 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NRGV shares have gain 17.12% over the last week, with a monthly amount drifted -12.31%, and not seem to be holding up well over a long-time horizon.

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On 5, February 2024, Energy Vault Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 12, 2024 followed by a conference call at 4:30 PM ET.

From an analyst’s perspective:

Energy Vault Holdings Inc [NYSE: NRGV] stock has seen the most recent analyst activity on January 16, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $4.

The stock price of Energy Vault Holdings Inc [NRGV] has been fluctuating between $1.35 and $4.44 over the past year. Energy Vault Holdings Inc [NYSE: NRGV] shares were valued at $1.71 at the most recent close of the market.

Analyzing the NRGV fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.6533 points at the first support level, and at 1.5967 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7533, and for the 2nd resistance point, it is at 1.7967.

Energy Vault Holdings Inc [NRGV] reported earnings per share of -$0.13 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.15/share, meaning a difference of $0.02 and a surprise factor of 13.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.18 per share as compared to estimates of -$0.2 per share, a difference of $0.02 representing a surprise of 10.00%.

Ratios To Look Out For

It’s worth pointing out that Energy Vault Holdings Inc [NYSE:NRGV]’s Current Ratio is 4.16.

Transactions by insiders

Insider trading, which has resulted in 0 insider purchases of 0 shares and 5 insider sales of 80,869 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Ladwa Akshay, Chief Engineering Officer, that happened on Feb 08 when 7700.0 shares were sold. Chief Product Officer, Terruzzin Marco completed a deal on Feb 08 to sell 6480.0 shares. Meanwhile, Chief Marketing Officer ALEXANDER LAURENCE sold 4804.0 shares on Feb 08.

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