Energy Vault (NYSE:NRGV) Shares Down 17.4% – What’s Next?

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) dropped 17.4% during trading on Wednesday . The company traded as low as $3.62 and last traded at $3.5450. Approximately 1,787,097 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 2,023,718 shares. The stock had previously closed at $4.29.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NRGV shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a report on Tuesday, October 14th. Zacks Research lowered shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Fundamental Research set a $4.87 price target on Energy Vault and gave the stock a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their price objective on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.59.

Energy Vault Price Performance

The firm has a 50-day moving average of $3.12 and a 200-day moving average of $1.78. The stock has a market cap of $550.45 million, a PE ratio of -3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66.

Energy Vault (NYSE:NRGV) last issued its earnings results on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). The company had revenue of $33.32 million for the quarter, compared to the consensus estimate of $48.99 million. Energy Vault had a negative return on equity of 111.85% and a negative net margin of 172.61%. Energy Vault has set its FY 2025 guidance at EPS. Research analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Insider Activity

In related news, insider Akshay Ladwa sold 75,000 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $3.11, for a total value of $233,250.00. Following the sale, the insider directly owned 1,934,582 shares of the company’s stock, valued at $6,016,550.02. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dylan Hixon bought 20,000 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were acquired at an average cost of $1.92 per share, for a total transaction of $38,400.00. Following the purchase, the director owned 900,065 shares of the company’s stock, valued at approximately $1,728,124.80. The trade was a 2.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 132,400 shares of company stock valued at $288,130 and have sold 200,000 shares valued at $584,000. Insiders own 19.80% of the company’s stock.

Institutional Trading of Energy Vault

A number of hedge funds have recently bought and sold shares of the stock. Platform Technology Partners bought a new stake in Energy Vault during the 3rd quarter valued at $40,000. Goldman Sachs Group Inc. lifted its stake in shares of 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 purchasing an additional 16,101 shares during the last quarter. Sapient Capital LLC boosted its position in Energy Vault by 21.1% during the third quarter. Sapient Capital LLC now owns 115,000 shares of the company’s stock valued at $347,000 after purchasing an additional 20,000 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in Energy Vault by 19.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 125,000 shares of the company’s stock valued at $90,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Ground Swell Capital LLC bought a new position in Energy Vault in the second quarter worth about $26,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.