Energy Vault Holdings Inc (NRGV) Stock Short-term Performance Analysis

Energy Vault Holdings Inc [NRGV] stock prices are down -2.17% to $1.80 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NRGV shares have gain 7.14% over the last week, with a monthly amount glided 2.86%, and seem to be holding up well over a long-time horizon.

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On 12, March 2024, Energy Vault Reports Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, FY 2023 revenue of $341.5 million, up 134% YoY and 18% QoQ, within annual guidance range.

From an analyst’s perspective:

Energy Vault Holdings Inc [NYSE: NRGV] stock has seen the most recent analyst activity on March 13, 2024, when TD Cowen reiterated its Outperform rating and also revised its price target to $5 from $6. Previously, ROTH MKM started tracking the stock with Buy rating on January 16, 2024, and set its price target to $4. On March 06, 2023, downgrade downgraded it’s rating to Neutral. Chardan Capital Markets started tracking the stock assigning a Buy rating and suggested a price target of $13 on June 29, 2022. Guggenheim initiated its recommendation with a Buy and recommended $22 as its price target on March 22, 2022. Goldman started tracking with a Sell rating for this stock on March 14, 2022, and assigned it a price target of $9. In a note dated March 09, 2022, Stifel initiated an Buy rating and provided a target price of $19 on this stock.

The stock price of Energy Vault Holdings Inc [NRGV] has been fluctuating between $1.35 and $3.55 over the past year. 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 $1.80 at the most recent close of the market. An investor can expect a potential return of 566.67% based on the average NRGV price forecast.

Analyzing the NRGV fundamentals

The Energy Vault Holdings Inc [NYSE:NRGV] reported sales of 341.54M for trailing twelve months, representing a surge of 17.86%. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.4 and Total Capital is -0.47. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

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 1.7283 points at the first support level, and at 1.6567 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8533, and for the 2nd resistance point, it is at 1.9067.

Energy Vault Holdings Inc [NRGV] reported earnings per share of -$0.14 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.11/share, meaning a difference of -$0.03 and a surprise factor of -27.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.13 per share as compared to estimates of -$0.15 per share, a difference of $0.02 representing a surprise of 13.30%.

Ratios To Look Out For

It’s worth pointing out that Energy Vault Holdings Inc [NYSE:NRGV]’s Current Ratio is 2.50. On the other hand, the Quick Ratio is 2.42, and the Cash Ratio is 1.3. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 1.18.

Transactions by insiders

Recent insider trading involved McMorrow Josh, Chief Legal Officer, that happened on Mar 19 ’24 when 20468.0 shares were sold. Chief Marketing Officer, ALEXANDER LAURENCE completed a deal on Mar 19 ’24 to sell 20385.0 shares. Meanwhile, Chief Operating Officer Wiese Christopher sold 10956.0 shares on Mar 19 ’24.

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