Energy Vault (NYSE:NRGV) Stock Price Down 7.9% – Should You Sell?

Energy Vault Holdings, Inc. (NYSE:NRGV) was down 7.9% during trading on Friday . The company traded as low as $2.98 and last traded at $2.9920. 812,787 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 4,482,901 shares. The stock had previously closed at $3.25.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NRGV. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Wall Street Zen downgraded Energy Vault from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. 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 objective on the stock. Finally, Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $5.25 to $5.00 in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Energy Vault has an average rating of “Hold” and a consensus price target of $5.01.

Energy Vault Stock Down 8.2%

The firm has a market cap of $532.08 million, a price-to-earnings ratio of -4.23 and a beta of 1.17. The business’s 50-day moving average is $4.39 and its 200-day moving average is $4.20. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44.

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

Insider Buying and Selling

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. The trade was a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NRGV. State Street Corp increased its holdings in shares of Energy Vault by 1,004.0% in the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after purchasing an additional 5,181,624 shares in the last quarter. Legal & General Group Plc bought a new position in Energy Vault in the 4th quarter valued at $18,217,000. Millennium Management LLC increased its stake in shares of Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after buying an additional 3,430,094 shares during the period. Invesco Ltd. acquired a new stake in shares of Energy Vault in the 4th quarter valued at $11,454,000. Finally, Marshall Wace LLP raised its position in shares of Energy Vault by 132.7% during the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after acquiring an additional 1,821,462 shares during the last quarter. 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.