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Wednesday, December 6, 2023

Energy Vault Holdings Inc (NRGV): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Energy Vault Holdings Inc (NRGV) shows that investor sentiment remained same, with the stock’s consolidated last price to $2.28. The Energy Vault Holdings Inc has recorded 17,559 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Energy Vault Appoints Bernie Colson, CFA as Vice President of Investor Relations.

Stocks Info

This NYSE-listed company operates within the Utilities – Renewable industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $2.28 and fluctuated between $2.3905 as its day high and $2.2400 as its day low. The current market capitalization of Energy Vault Holdings Inc is $325.72M. A total of 0.65 million shares were traded on the day, compared to an average of 815.78K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NRGV has seen 1 BUY and 14 SELL insider trades, representing the acquisition of 49,915 and the disposition of 195,319 shares. Over the last 12 months, there were 26 BUYs and 65 SELLs from insiders. Insiders purchased 3,265,820 shares during that period but sold 2,231,155.

In the most recent transaction, Icoren Goncagul sold 7,500 shares of NRGV for 2.01 per share on Oct 25. After the transaction, the Chief People Officer now owns 637,300 company shares. In a previous transaction on Oct 11, Icoren Goncagul sold 7,500 shares at 2.51 per share. NRGV shares that Chief People Officer owns now total 644,800.

Among the insiders who sold shares, Icoren Goncagul disposed of 7,500 shares on Sep 27 at a per-share price of $2.53. This resulted in the Chief People Officer holding 653,699 shares of NRGV after the transaction. In another insider transaction, Piconi Robert bought 49,915 shares at $2.98 per share on Sep 15. Company shares held by the Chief Executive Officer now total 14,187,395.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NRGV in the last 3 months, the mean price target is $6.75 with high estimates of $13.00 and low estimates of $1.75. In terms of 52-week highs and lows, NRGV has a high of $5.51 and a low of $1.35.

As of this writing, NRGV has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.18. The company reported an EPS of -$0.22 in the last quarter, which was 8.30% higher than expectations of -$0.24.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. NRGV’s latest balance sheet shows that the firm has $105.12M in Cash & Short Term Investments as of fiscal 2021. There were $1.36M in debt and $7.34M in liabilities at the time. Its Book Value Per Share was $1.73, while its Total Shareholder’s Equity was -$68.67M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NRGV is Buy with a score of 3.80.

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