Here is how Energy Vault Holdings Inc (NRGV) stock might take investors finances to the next level

At the time of writing, Energy Vault Holdings Inc [NRGV] stock is trading at $1.77, up 5.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The NRGV shares have gain 9.94% over the last week, with a monthly amount glided 16.45%, and seem to be holding up well over a long-time horizon.

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On 29, February 2024, Energy Vault Announces China State Grid Interconnection of First EVx 100 MWh Gravity Energy Storage System, Groundbreaking of Three Additional EVx Gravity Storage Systems and Other China Market Expansion Milestones. In a post published today on Yahoo Finance, Rudong 25 MW/100 MWh EVx system became fully interconnected to the local state utility grid in December 2023 as planned, enabling full commissioning, inverse power and operational activity powered by the State Grid.

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. Previously, Guggenheim downgraded its rating to Neutral on March 06, 2023. On June 29, 2022, Chardan Capital Markets initiated with a Buy rating and assigned a price target of $13 on the stock. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $22 on March 22, 2022. Goldman initiated its recommendation with a Sell and recommended $9 as its price target on March 14, 2022. Stifel started tracking with a Buy rating for this stock on March 09, 2022, and assigned it a price target of $19. In a note dated February 24, 2022, Cowen initiated an Outperform rating and provided a target price of $18 on this stock.

For the past year, the stock price of Energy Vault Holdings Inc fluctuated between $1.35 and $3.55. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Energy Vault Holdings Inc [NYSE: NRGV] shares were valued at $1.77 at the most recent close of the market. An investor can expect a potential return of 577.97% based on the average NRGV price forecast.

Analyzing the NRGV fundamentals

According to Energy Vault Holdings Inc [NYSE:NRGV], the company’s sales were 323.63M for trailing twelve months, which represents an 10065.58% jump. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.38 and Total Capital is -0.45. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.

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 1.6700 points at the first support level, and at 1.5700 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8500, and for the 2nd resistance point, it is at 1.9300.

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 is important to note that Energy Vault Holdings Inc [NYSE:NRGV] has a current ratio of 4.16. On the other hand, the Quick Ratio is 3.90, and the Cash Ratio is 1.26. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 1.07.

Transactions by insiders

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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