A share price of Energy Vault Holdings Inc [NRGV] is currently trading at $2.10, down -0.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The NRGV shares have gain 9.95% over the last week, with a monthly amount glided 24.26%, 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.
Energy Vault Holdings Inc experienced fluctuations in its stock price throughout the past year 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 $2.10 at the most recent close of the market. An investor can expect a potential return of 30.95% based on the average NRGV price forecast.
Analyzing the NRGV fundamentals
Trailing Twelve Months sales for Energy Vault Holdings Inc [NYSE:NRGV] were 130.96M which represents -99.30% decline. 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 2.03 points at the first support level, and at 1.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.22, and for the 2nd resistance point, it is at 2.35.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Energy Vault Holdings Inc [NYSE:NRGV] is 1.87. On the other hand, the Quick Ratio is 1.60, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 2.44, the price to book ratio is 1.78.
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.
