Energy Vault (NYSE:NRGV) Director Dylan Hixon Purchases 27,472 Shares of Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Dylan Hixon bought 27,472 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $3.88 per share, with a total value of $106,591.36. Following the transaction, the director owned 27,472 shares of the company’s stock, valued at $106,591.36. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dylan Hixon also recently made the following trade(s):

• On Friday, August 14th, Dylan Hixon purchased 85,518 shares of Energy Vault stock. The shares were purchased at an average cost of $3.74 per share, for a total transaction of $319,837.32.

Energy Vault Trading Down 2.8%

NRGV stock traded down $0.11 during midday trading on Tuesday, reaching $3.71. The stock had a trading volume of 1,126,588 shares, compared to its average volume of 4,628,902. The business has a fifty day simple moving average of $3.67 and a two-hundred day simple moving average of $3.93. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07. The firm has a market cap of $662.02 million, a price-to-earnings ratio of -5.60 and a beta of 1.21. Energy Vault Holdings, Inc. has a twelve month low of $1.40 and a twelve month high of $6.64.

Energy Vault (NYSE:NRGV) last released its earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The business had revenue of $17.37 million for the quarter, compared to analyst estimates of $14.24 million. Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. As a group, research analysts expect that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Energy Vault

Institutional investors and hedge funds have recently modified their holdings of the business. Forte Asset Management LLC bought a new stake in Energy Vault during the 1st quarter worth approximately $33,000. Mercer Global Advisors Inc. ADV bought a new position in Energy Vault in the third quarter valued at approximately $36,000. XTX Topco Ltd bought a new position in Energy Vault in the second quarter valued at approximately $39,000. Banco BTG Pactual S.A. acquired a new position in shares of Energy Vault in the third quarter valued at approximately $43,000. Finally, Calamos Advisors LLC acquired a new position in shares of Energy Vault in the first quarter valued at approximately $48,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NRGV. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen lowered shares of Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday. Roth Capital reiterated a “buy” rating and set a $7.00 target price (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and cut their price target for the company from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price target on shares of Energy Vault in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.41.

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.