Energy Vault (NYSE:NRGV) PT Set at $4.87 by Fundamental Research

Energy Vault (NYSE:NRGV) received a $4.87 price objective from stock analysts at Fundamental Research in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s price target would indicate a potential upside of 43.19% from the stock’s previous close.

NRGV has been the subject of a number of other research reports. The Goldman Sachs Group increased their target price on shares of Energy Vault from $0.50 to $1.50 and gave the company a “sell” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a report on Tuesday, October 14th. Finally, Zacks Research lowered shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.59.

Energy Vault Stock Down 20.7%

Shares of Energy Vault stock opened at $3.40 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.66. Energy Vault has a 1-year low of $0.60 and a 1-year high of $4.85. The business’s fifty day moving average price is $3.14 and its two-hundred day moving average price is $1.79. The company has a market capitalization of $550.47 million, a P/E ratio of -3.58 and a beta of 0.94.

Energy Vault (NYSE:NRGV) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.06). Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%.The business had revenue of $33.32 million during the quarter, compared to the consensus estimate of $48.99 million. Energy Vault has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Energy Vault will post -0.64 EPS for the current year.

Insider Buying and Selling at Energy Vault

In other Energy Vault news, CEO Robert Piconi bought 17,500 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average cost of $3.02 per share, for a total transaction of $52,850.00. Following the acquisition, the chief executive officer directly owned 20,199,884 shares of the company’s stock, valued at $61,003,649.68. This trade represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Akshay Ladwa sold 75,000 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $3.11, for a total transaction of $233,250.00. Following the sale, the insider directly owned 1,934,582 shares of the company’s stock, valued at approximately $6,016,550.02. This represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 132,400 shares of company stock valued at $288,130 and sold 200,000 shares valued at $584,000. 15.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Platform Technology Partners acquired a new stake in shares of Energy Vault during the 3rd quarter valued at $40,000. Ground Swell Capital LLC acquired a new stake in shares of Energy Vault during the second quarter worth $26,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Energy Vault during the second quarter worth $36,000. XTX Topco Ltd purchased a new stake in shares of Energy Vault during the second quarter valued at $39,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Energy Vault by 570.6% during the second quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company’s stock valued at $57,000 after purchasing an additional 67,199 shares during the last quarter. 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.