Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) Director Dylan Hixon acquired 27,472 shares of the company's stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $3.88 per share, with a total value of $106,591.36. Following the completion of the acquisition, the director directly owned 27,472 shares in the company, valued at approximately $106,591.36. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Dylan Hixon also recently made the following trade(s):
- On Friday, August 14th, Dylan Hixon bought 85,518 shares of Energy Vault stock. The shares were bought at an average cost of $3.74 per share, for a total transaction of $319,837.32.
Energy Vault Trading Down 4.1%
NRGV opened at $3.67 on Wednesday. Energy Vault Holdings, Inc. has a twelve month low of $1.40 and a twelve month high of $6.64. The company has a 50-day simple moving average of $3.65 and a 200 day simple moving average of $3.92. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07. The stock has a market capitalization of $653.29 million, a price-to-earnings ratio of -5.55 and a beta of 1.21.
Energy Vault (NYSE:NRGV - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The firm had revenue of $17.37 million during the quarter, compared to the consensus estimate of $14.24 million. Analysts predict that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have commented on NRGV. Cantor Fitzgerald restated an "overweight" rating and set a $7.00 price objective on shares of Energy Vault in a research report on Wednesday, August 12th. Zacks Research raised Energy Vault from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Citigroup upgraded Energy Vault from a "neutral" rating to a "buy" rating and decreased their price target for the company from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Roth Capital reissued a "buy" rating and set a $7.00 price target (up from $5.00) on shares of Energy Vault in a report on Wednesday, August 12th. Finally, Fundamental Research set a $8.03 price objective on Energy Vault and gave the stock a "buy" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Energy Vault has a consensus rating of "Hold" and a consensus target price of $5.81.
Check Out Our Latest Stock Report on Energy Vault
Hedge Funds Weigh In On Energy Vault
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in shares of Energy Vault by 381.1% during the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company's stock worth $73,000 after buying an additional 83,410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Energy Vault by 201.9% during 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Energy Vault by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock worth $277,000 after acquiring an additional 16,101 shares during the last quarter. Jane Street Group LLC grew its position in Energy Vault by 613.7% during the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company's stock worth $97,000 after acquiring an additional 119,636 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Energy Vault in the 2nd quarter worth about $39,000. Institutional investors own 40.03% of the company's stock.
Energy Vault Company Profile
(
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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