Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $2.25.
Separately, Roth Mkm cut their price objective on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.
Check Out Our Latest Stock Report on NRGV
Institutional Investors Weigh In On Energy Vault
Energy Vault Stock Down 4.4 %
NYSE NRGV opened at $0.94 on Friday. Energy Vault has a twelve month low of $0.78 and a twelve month high of $3.22. The business has a 50-day moving average price of $0.97 and a 200-day moving average price of $1.17. The firm has a market cap of $139.40 million, a price-to-earnings ratio of -1.56 and a beta of 0.66.
Energy Vault (NYSE:NRGV – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). Energy Vault had a negative return on equity of 40.67% and a negative net margin of 29.29%. The firm had revenue of $3.77 million during the quarter, compared to the consensus estimate of $16.65 million. During the same period in the previous year, the firm earned ($0.18) EPS. Research analysts expect that Energy Vault will post -0.6 EPS for the current fiscal year.
Energy Vault Company Profile
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.
Recommended Stories
- Five stocks we like better than Energy Vault
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- What to Know About Investing in Penny Stocks
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Where to Find Earnings Call Transcripts
- MarketBeat Week in Review – 9/23 – 9/27
Receive News & Ratings for Energy Vault Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Vault and related companies with MarketBeat.com's FREE daily email newsletter.