Energy Vault (NYSE:NRGV) Stock Price Down 8.8% – Should You Sell?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price dropped 8.8% during trading on Wednesday . The stock traded as low as $3.97 and last traded at $3.8750. Approximately 2,011,349 shares were traded during mid-day trading, a decline of 53% from the average session volume of 4,260,863 shares. The stock had previously closed at $4.25.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NRGV. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Citigroup initiated coverage on shares of Energy Vault in a research report on Thursday, June 11th. They issued a “neutral” rating and a $5.25 price objective for the company. The Goldman Sachs Group raised their price objective on Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a research note on Thursday, March 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. Finally, Cantor Fitzgerald assumed coverage on Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $5.08.

Energy Vault Price Performance

The company has a market cap of $690.70 million, a price-to-earnings ratio of -5.47 and a beta of 1.15. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94. The company’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $4.37.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $21.88 million for the quarter, compared to analyst estimates of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. On average, equities research analysts forecast that Energy Vault Holdings, Inc. will post -0.61 EPS for the current fiscal year.

Insider Activity

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $3.18, for a total value of $206,700.00. Following the sale, the chief financial officer owned 1,060,945 shares of the company’s stock, valued at $3,373,805.10. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 17.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energy Vault

Hedge funds and other institutional investors have recently bought and sold shares of the company. RFG Advisory LLC bought a new position in shares of Energy Vault during the 4th quarter worth approximately $1,560,000. UBS Group AG lifted its position in shares of Energy Vault by 940.1% in the fourth quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock worth $7,104,000 after purchasing an additional 1,392,923 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Energy Vault during the fourth quarter worth $1,805,000. Legal & General Group Plc bought a new position in Energy Vault in the fourth quarter valued at $18,217,000. Finally, Abacus Wealth Partners LLC bought a new position in Energy Vault in the fourth quarter valued at $461,000. 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.