Energy Vault Holdings, Inc. (NYSE:NRGV) Receives $1.95 Average Target Price from Analysts

Energy Vault Holdings, Inc. (NYSE:NRGV) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $1.95.

Several research analysts have weighed in on the company. Roth Mkm lowered their price objective on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and set a $2.50 price target on shares of Energy Vault in a research report on Wednesday, November 13th.

Energy Vault Stock Performance

NYSE NRGV opened at $1.45 on Friday. The stock has a market cap of $217.44 million, a PE ratio of -2.22 and a beta of 0.45. The firm has a 50-day moving average of $1.35 and a 200-day moving average of $1.18. Energy Vault has a 52-week low of $0.78 and a 52-week high of $2.68.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The firm had revenue of $1.20 million during the quarter, compared to analyst estimates of $4.80 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. During the same period in the previous year, the company posted ($0.13) EPS. As a group, analysts predict that Energy Vault will post -0.6 EPS for the current fiscal year.

Institutional Trading of Energy Vault

Several large investors have recently made changes to their positions in NRGV. SG Americas Securities LLC boosted its stake in shares of Energy Vault by 95.5% in the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock valued at $34,000 after purchasing an additional 17,388 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Energy Vault by 33.3% during the second quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock worth $76,000 after buying an additional 20,000 shares during the last quarter. State Street Corp increased its holdings in shares of Energy Vault by 1.1% during the third quarter. State Street Corp now owns 1,850,702 shares of the company’s stock worth $1,777,000 after buying an additional 20,915 shares in the last quarter. DRW Securities LLC bought a new position in shares of Energy Vault in the 3rd quarter valued at $31,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Energy Vault by 17.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,541 shares of the company’s stock valued at $434,000 after acquiring an additional 35,935 shares in the last quarter. Institutional investors and hedge funds 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.