Energy Vault Holdings Inc (NRGV) stock expected to gain 521.76% in the coming months

A share price of Energy Vault Holdings Inc [NRGV] is currently trading at $1.93, up 7.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The NRGV shares have gain 16.27% over the last week, with a monthly amount glided 14.88%, and seem to be holding up well over a long-time horizon.

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On 29, March 2024, Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08. In a post published today on Yahoo Finance, Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on March 27, 2024, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 162,500 shares of its common stock to 10 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.

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.

Energy Vault Holdings Inc experienced fluctuations in its stock price throughout the past year 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 $1.93 at the most recent close of the market. An investor can expect a potential return of 521.76% based on the average NRGV price forecast.

Analyzing the NRGV fundamentals

Trailing Twelve Months sales for Energy Vault Holdings Inc [NYSE:NRGV] were 341.54M which represents 17.86% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

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 1.7835 points at the first support level, and at 1.6371 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0232, and for the 2nd resistance point, it is at 2.1165.

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

To put it in perspective, the Current Ratio for Energy Vault Holdings Inc [NYSE:NRGV] 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 0.83, the price to book ratio is 1.26.

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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