Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Consensus Rating of “Hold” from Analysts

Energy Vault Holdings, Inc. (NYSE:NRGV) has received an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com 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 12-month target price among analysts that have issued a report on the stock in the last year is $1.95.

Several equities analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating and set a $2.50 price target on shares of Energy Vault in a report on Wednesday. Roth Mkm dropped their price objective on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Energy Vault by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,675,361 shares of the company’s stock valued at $2,999,000 after buying an additional 43,764 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Energy Vault by 17.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,541 shares of the company’s stock valued at $434,000 after purchasing an additional 35,935 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Energy Vault in the 1st quarter worth $91,000. XTX Topco Ltd grew its stake in shares of Energy Vault by 684.0% during the second quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock worth $164,000 after purchasing an additional 150,948 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its holdings in Energy Vault by 33.3% in the second quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock valued at $76,000 after purchasing an additional 20,000 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Energy Vault Trading Down 12.0 %

NYSE NRGV opened at $1.46 on Friday. Energy Vault has a 1-year low of $0.78 and a 1-year high of $2.69. The company has a market capitalization of $219.71 million, a price-to-earnings ratio of -2.25 and a beta of 0.45. The stock’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.18.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The company had revenue of $1.20 million during the quarter, compared to the consensus estimate of $4.80 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. During the same quarter last year, the company earned ($0.13) earnings per share. On average, analysts predict that Energy Vault will post -0.6 earnings per share for the current 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.