Analysts Point To Energy Vault Holdings Inc (NYSE: NRGV) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Energy Vault Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results.

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Stocks Info

As a NYSE listed company, NRGV falls under the Utilities sector while operating within the Utilities – Renewable industry segment. The current market capitalization of Energy Vault Holdings Inc is $251.21M. A total of 0.56 million shares were traded on the day, compared to an average of 899.88K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NRGV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 70 SELLs from insiders. Insiders purchased 1,816,199 shares during that period but sold 1,407,418.

In the most recent transaction, Ladwa Akshay sold 7,700 shares of NRGV for 1.60 per share on Feb 08. After the transaction, the Chief Engineering Officer now owns 1,025,776 company shares. In a previous transaction on Feb 08, Terruzzin Marco sold 6,480 shares at 1.60 per share. NRGV shares that Chief Product Officer owns now total 1,328,818.

Among the insiders who sold shares, ALEXANDER LAURENCE disposed of 4,804 shares on Feb 08 at a per-share price of $1.60. This resulted in the Chief Marketing Officer holding 917,508 shares of NRGV after the transaction. In another insider transaction, Icoren Goncagul sold 4,207 shares at $1.60 per share on Feb 08. Company shares held by the Chief People Officer now total 579,762.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NRGV in the last 3 months, the mean price target is $4.95 with high estimates of $7.00 and low estimates of $1.75. In terms of 52-week highs and lows, NRGV has a high of $3.55 and a low of $1.35.

As of this writing, NRGV has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.18 in the last quarter, which was 10.00% higher than expectations of -$0.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $1.66, 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 4.00.

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