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

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

Analyst Ratings Changes

NRGV has been the topic of a number of recent research reports. Citigroup started coverage on Energy Vault in a research report on Thursday, June 11th. They issued a “neutral” rating and a $5.25 target price on the stock. The Goldman Sachs Group increased their price target on Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a research report on Thursday, March 19th. Cantor Fitzgerald assumed coverage on Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target for the company. Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $5.08.

Energy Vault Stock Down 8.8%

The stock has a market cap of $690.70 million, a P/E ratio of -5.47 and a beta of 1.15. The firm has a 50 day simple moving average of $4.67 and a 200-day simple moving average of $4.37. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94.

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

Insider Activity at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the transaction, the chief financial officer directly owned 1,060,945 shares in the company, valued at $3,373,805.10. The trade was a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 17.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning raised its holdings in Energy Vault by 3.7% in the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock valued at $303,000 after acquiring an additional 3,690 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Energy Vault by 12.4% during the fourth quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock worth $205,000 after acquiring an additional 4,897 shares during the period. Bank of Nova Scotia grew its position in shares of Energy Vault by 19.9% in the first quarter. Bank of Nova Scotia now owns 41,600 shares of the company’s stock valued at $137,000 after purchasing an additional 6,900 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Energy Vault by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock valued at $3,083,000 after purchasing an additional 7,742 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Energy Vault by 70.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after purchasing an additional 8,570 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.