Traders Purchase High Volume of Call Options on Energy Vault (NYSE:NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) was the target of some unusual options trading on Thursday. Investors purchased 9,236 call options on the stock. This is an increase of approximately 94% compared to the average volume of 4,755 call options.

Energy Vault Stock Up 0.9%

Energy Vault stock opened at $2.85 on Friday. Energy Vault has a 1-year low of $1.02 and a 1-year high of $6.64. The business has a fifty day moving average price of $4.11 and a 200-day moving average price of $4.10. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $508.90 million, a price-to-earnings ratio of -4.02 and a beta of 1.17.

Energy Vault (NYSE:NRGV) last announced its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. The business had revenue of $21.88 million for the quarter, compared to analyst estimates of $20.72 million. Equities research analysts forecast that Energy Vault will post -0.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Citigroup upgraded shares of Energy Vault from a “neutral” rating to a “buy” rating and lowered their price target for the company from $5.25 to $5.00 in a report on Wednesday, July 22nd. Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Cantor Fitzgerald assumed coverage on shares of Energy Vault in a research note on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price objective for the company. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Energy Vault presently has an average rating of “Hold” and a consensus target price of $5.01.

Insider Transactions at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer directly owned 1,021,806 shares in the company, valued at approximately $4,168,968.48. This trade represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

Several hedge funds have recently modified their holdings of the stock. Forte Asset Management LLC purchased a new position in shares of Energy Vault in the 1st quarter valued at approximately $33,000. Mercer Global Advisors Inc. ADV acquired a new stake in Energy Vault in the 3rd quarter worth approximately $36,000. XTX Topco Ltd purchased a new stake in Energy Vault during the 2nd quarter worth approximately $39,000. Banco BTG Pactual S.A. purchased a new stake in Energy Vault during the 3rd quarter worth approximately $43,000. Finally, Calamos Advisors LLC acquired a new position in Energy Vault during the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

About Energy Vault

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.