Energy Vault Holdings, Inc. (NYSE:NRGV) Receives $1.95 Average PT from Analysts

Energy Vault Holdings, Inc. (NYSE:NRGV) has been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $1.95.

A number of research firms have commented on NRGV. TD Cowen reiterated a “buy” rating and issued a $2.50 price target on shares of Energy Vault in a research report on Wednesday, November 13th. Roth Mkm decreased their target price on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

Institutional Trading of Energy Vault

Large investors have recently modified their holdings of the stock. DRW Securities LLC acquired a new position in Energy Vault during the 3rd quarter worth approximately $31,000. SG Americas Securities LLC raised its position in shares of Energy Vault by 95.5% during the third quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after purchasing an additional 17,388 shares during the period. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Energy Vault by 33.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock worth $76,000 after purchasing an additional 20,000 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Energy Vault in the 1st quarter valued at $91,000. Finally, Barclays PLC increased its stake in Energy Vault by 225.2% during the 3rd quarter. Barclays PLC now owns 143,759 shares of the company’s stock valued at $137,000 after purchasing an additional 99,550 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Energy Vault Price Performance

NRGV opened at $1.45 on Friday. Energy Vault has a fifty-two week low of $0.78 and a fifty-two week high of $2.68. The company’s 50 day moving average price is $1.35 and its two-hundred day moving average price is $1.18. The firm has a market capitalization of $217.44 million, a price-to-earnings ratio of -2.22 and a beta of 0.45.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The business had revenue of $1.20 million for the quarter, compared to analyst estimates of $4.80 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. During the same quarter last year, the firm posted ($0.13) EPS. As a group, equities research analysts predict that Energy Vault will post -0.6 EPS for the current year.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.