Energy Vault (NYSE:NRGV) Shares Gap Up – Time to Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.44, but opened at $4.76. Energy Vault shares last traded at $4.7450, with a volume of 649,289 shares.

Wall Street Analysts Forecast Growth

NRGV has been the subject of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Cantor Fitzgerald assumed coverage on shares of Energy Vault in a research note on Tuesday. They issued an “overweight” rating and a $7.00 target price for the company. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group raised their price target on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a report on Thursday, March 19th. Finally, Zacks Research cut shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Energy Vault currently has an average rating of “Reduce” and an average price target of $5.02.

Energy Vault Stock Performance

The stock has a 50 day moving average price of $3.55 and a two-hundred day moving average price of $3.98. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.56. The company has a market cap of $717.00 million, a price-to-earnings ratio of -5.84 and a beta of 1.14.

Energy Vault (NYSE:NRGV) last announced 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 $23.48 million. Energy Vault had a negative return on equity of 144.72% and a negative net margin of 52.97%. Analysts predict that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Insider Activity

In other news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $3.18, for a total transaction of $206,700.00. Following the completion of the transaction, the chief financial officer directly owned 1,060,945 shares in the company, valued at approximately $3,373,805.10. The trade was a 5.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders bought 16,950 shares of company stock worth $55,062. 17.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Forte Asset Management LLC acquired a new stake in Energy Vault in the first quarter worth $33,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Energy Vault in the 3rd quarter valued at $36,000. XTX Topco Ltd bought a new stake in shares of Energy Vault in the 2nd quarter valued at $39,000. Platform Technology Partners acquired a new stake in Energy Vault during the 3rd quarter worth $40,000. Finally, Banco BTG Pactual S.A. acquired a new stake in Energy Vault during the 3rd quarter worth $43,000. 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.