Energy Vault (NYSE:NRGV) Shares Down 4.1% – Time to Sell?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s share price was down 4.1% on Wednesday . The company traded as low as $4.52 and last traded at $4.5350. Approximately 1,259,917 shares changed hands during trading, a decline of 43% from the average daily volume of 2,207,474 shares. The stock had previously closed at $4.73.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research report on Tuesday, October 14th. Fundamental Research set a $5.19 target price on Energy Vault and gave the company a “buy” rating in a report on Tuesday, November 18th. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group raised their target price on shares of Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Energy Vault has a consensus rating of “Hold” and a consensus target price of $2.67.

Energy Vault Price Performance

The firm has a market capitalization of $763.95 million, a price-to-earnings ratio of -4.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. The company’s 50-day moving average is $3.88 and its 200-day moving average is $2.57.

Energy Vault (NYSE:NRGV) last announced its earnings results on Monday, November 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). The company had revenue of $33.32 million during the quarter, compared to the consensus estimate of $48.99 million. Energy Vault had a negative net margin of 172.61% and a negative return on equity of 119.98%. On average, research analysts expect that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Insider Buying and Selling at Energy Vault

In related news, CEO Robert Piconi purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of $3.00 per share, with a total value of $30,000.00. Following the purchase, the chief executive officer directly owned 20,207,242 shares in the company, valued at $60,621,726. This represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael Thomas Beer sold 50,000 shares of Energy Vault stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total transaction of $245,500.00. Following the completion of the transaction, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at $5,649,063.02. This trade represents a 4.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Ground Swell Capital LLC bought a new stake in shares of Energy Vault during the 2nd quarter valued at about $26,000. Catalyst Funds Management Pty Ltd acquired a new position in Energy Vault during the second quarter worth $36,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Energy Vault in the 3rd quarter worth about $36,000. XTX Topco Ltd bought a new position in shares of Energy Vault in the second quarter valued at approximately $39,000. Finally, Platform Technology Partners purchased a new position in Energy Vault during the 3rd quarter worth $40,000. Institutional investors 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.