Energy Vault (NYSE:NRGV) Stock Price Down 6.4% – Time to Sell?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price fell 6.4% during mid-day trading on Wednesday . The stock traded as low as $5.31 and last traded at $5.3250. 975,640 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 3,263,485 shares. The stock had previously closed at $5.69.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Fundamental Research set a $5.19 price objective on Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group raised their price target on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research note on Wednesday, November 12th. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Energy Vault currently has an average rating of “Hold” and an average target price of $2.67.

Energy Vault Trading Down 2.1%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63. The firm has a market capitalization of $888.45 million, a price-to-earnings ratio of -5.57 and a beta of 0.91. The business has a fifty day moving average price of $4.13 and a 200 day moving average price of $2.75.

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 firm had revenue of $33.32 million during the quarter, compared to analyst estimates of $48.99 million. Energy Vault had a negative net margin of 172.61% and a negative return on equity of 119.98%. As a group, equities analysts forecast that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total value of $245,500.00. Following the transaction, the chief financial officer owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Piconi purchased 10,000 shares of Energy Vault stock in a transaction on Friday, November 14th. The shares were acquired at an average cost of $3.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the chief executive officer owned 20,207,242 shares of the company’s stock, valued at $60,621,726. This represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 15.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Energy Vault

A number of institutional investors have recently added to or reduced their stakes in NRGV. Green Alpha Advisors LLC increased its holdings in Energy Vault by 49.9% in the 4th quarter. Green Alpha Advisors LLC now owns 105,499 shares of the company’s stock valued at $486,000 after purchasing an additional 35,141 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Energy Vault in the third quarter valued at about $120,000. Nomura Holdings Inc. raised its holdings in shares of Energy Vault by 27.3% during the 3rd quarter. Nomura Holdings Inc. now owns 83,689 shares of the company’s stock valued at $249,000 after buying an additional 17,961 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Energy Vault during the 3rd quarter worth approximately $36,000. Finally, Millennium Management LLC lifted its position in Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after acquiring an additional 3,430,094 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Energy Vault Company Profile

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.