At the time of writing, Energy Vault Holdings Inc [NRGV] stock is trading at $2.06, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NRGV shares have gain 17.71% over the last week, with a monthly amount glided 40.14%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Energy Vault Holdings Inc [NYSE: NRGV] stock has seen the most recent analyst activity on April 08, 2024, when Chardan Capital Markets downgraded its rating to a Sell. Previously, TD Cowen reaffirmed its Outperform rating on March 13, 2024, and dropped its price target to $5. On January 16, 2024, ROTH MKM initiated with a Buy rating and assigned a price target of $4 on the stock. Guggenheim downgraded its rating to a Neutral. Chardan Capital Markets initiated its recommendation with a Buy and recommended $13 as its price target on June 29, 2022. Guggenheim started tracking with a Buy rating for this stock on March 22, 2022, and assigned it a price target of $22. In a note dated March 14, 2022, Goldman initiated an Sell rating and provided a target price of $9 on this stock.
For the past year, the stock price of Energy Vault Holdings Inc fluctuated between $0.78 and $2.69. Currently, Wall Street analysts expect the stock to reach $2.75 within the next 12 months. Energy Vault Holdings Inc [NYSE: NRGV] shares were valued at $2.06 at the most recent close of the market. An investor can expect a potential return of 33.5% based on the average NRGV price forecast.
Analyzing the NRGV fundamentals
According to Energy Vault Holdings Inc [NYSE:NRGV], the company’s sales were 130.96M for trailing twelve months, which represents an -99.30% plunge. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.78%, Pretax Profit Margin comes in at -0.73%, and Net Profit Margin reading is -0.73%. To continue investigating profitability, this company’s Return on Assets is posted at -0.38, Equity is -0.47 and Total Capital is -0.56. 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 1.98 points at the first support level, and at 1.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.13, and for the 2nd resistance point, it is at 2.21.
Ratios To Look Out For
It is important to note that Energy Vault Holdings Inc [NYSE:NRGV] has a current ratio of 1.87. As well, the Quick Ratio is 1.60, while the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 2.39, the price to book ratio is 1.74.
Transactions by insiders
Recent insider trading involved Ladwa Akshay, Chief Engineering Officer, that happened on Jan 10 ’25 when 4762.0 shares were sold. Officer, Ladwa Akshay completed a deal on Jan 10 ’25 to buy 4762.0 shares. Meanwhile, Chief Executive Officer Piconi Robert sold 9697.0 shares on Dec 13 ’24.
