Energy Vault (NYSE:NRGV) Stock Price Down 11.2% – Should You Sell?

Energy Vault Holdings, Inc. (NYSE:NRGV) was down 11.2% during mid-day trading on Friday . The stock traded as low as $5.77 and last traded at $5.7630. Approximately 786,481 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 4,067,572 shares. The stock had previously closed at $6.49.

Analyst Upgrades and Downgrades

NRGV has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Wall Street Zen cut shares of Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Cantor Fitzgerald began coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price objective on the stock. Zacks Research cut shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group upped their target price 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. Two analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to MarketBeat, Energy Vault 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 of $4.37 and a two-hundred day moving average of $4.26. The stock has a market capitalization of $995.50 million, a PE ratio of -7.91 and a beta of 1.15. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The business had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. Research analysts expect that Energy Vault Holdings, Inc. will post -0.61 EPS for the current fiscal year.

Insider Activity at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the sale, the chief financial officer owned 1,060,945 shares in the company, valued at $3,373,805.10. This trade represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Forte Asset Management LLC purchased a new stake in shares of Energy Vault during the 1st quarter worth approximately $33,000. Kovack Advisors Inc. purchased a new position in Energy Vault in the 4th quarter valued at approximately $49,000. Hsbc Holdings PLC acquired a new position in Energy Vault during the fourth quarter worth $53,000. Mercer Global Advisors Inc. ADV acquired a new position in Energy Vault during the third quarter worth $36,000. Finally, Twinbeech Capital LP purchased a new stake in Energy Vault during the fourth quarter worth $66,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

About Energy Vault

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.