Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) Director Dylan Hixon purchased 85,518 shares of Energy Vault stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $3.74 per share, with a total value of $319,837.32. Following the transaction, the director owned 31,864 shares in the company, valued at approximately $119,171.36. The trade was a -159.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Energy Vault Price Performance
Shares of NRGV opened at $3.82 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault Holdings, Inc. has a twelve month low of $1.40 and a twelve month high of $6.64. The stock has a market capitalization of $680.91 million, a P/E ratio of -5.79 and a beta of 1.21. The company has a 50 day moving average of $3.67 and a 200-day moving average of $3.93.
Energy Vault (NYSE:NRGV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%.The business had revenue of $17.37 million during the quarter, compared to the consensus estimate of $14.24 million. As a group, equities research analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.
Institutional Trading of Energy Vault
A number of hedge funds have recently made changes to their positions in NRGV. AQR Capital Management LLC boosted its stake in shares of Energy Vault by 381.1% during the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company's stock worth $73,000 after acquiring an additional 83,410 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Energy Vault by 201.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company's stock valued at $125,000 after acquiring an additional 118,641 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Energy Vault by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock valued at $277,000 after purchasing an additional 16,101 shares during the last quarter. Jane Street Group LLC lifted its holdings in Energy Vault by 613.7% during the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company's stock valued at $97,000 after purchasing an additional 119,636 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Energy Vault during the second quarter worth $39,000. 40.03% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on NRGV. Cantor Fitzgerald restated an "overweight" rating and set a $7.00 price objective on shares of Energy Vault in a research note on Wednesday, August 12th. Zacks Research raised Energy Vault from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Citigroup upgraded Energy Vault from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $5.25 to $5.00 in a report on Wednesday, July 22nd. Roth Capital restated a "buy" rating and issued a $7.00 price target (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered Energy Vault from a "sell" rating to a "strong sell" rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.41.
Read Our Latest Stock Analysis on NRGV
About Energy Vault
(
Get Free Report)
Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.
The company's flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.
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