Energy Vault Holdings Inc (NYSE: NRGV): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Energy Vault Announces China State Grid Interconnection of First EVx 100 MWh Gravity Energy Storage System, Groundbreaking of Three Additional EVx Gravity Storage Systems and Other China Market Expansion Milestones.

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Stocks Info

NRGV belongs to the Utilities sector of the NYSE while operating in the Utilities – Renewable industry. The current market capitalization of Energy Vault Holdings Inc is $281.36M. A total of 1.25 million shares were traded on the day, compared to an average of 893.93K shares.

In the most recent transaction, Ladwa Akshay sold 7,700 shares of NRGV for 1.60 per share on Feb 08 ’24. After the transaction, the Chief Engineering Officer now owns 1,025,776 company shares. In a previous transaction on Feb 08 ’24, 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 ’24 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 ’24. Company shares held by the Chief People Officer now total 579,762.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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

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. 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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