Traders Buy Large Volume of Call Options on Energy Vault (NYSE:NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) was the target of unusually large options trading on Monday. Stock investors acquired 9,271 call options on the stock. This represents an increase of 103% compared to the typical daily volume of 4,557 call options.

Energy Vault Trading Up 5.3%

Shares of Energy Vault stock traded up $0.21 on Monday, reaching $4.25. The company had a trading volume of 2,514,669 shares, compared to its average volume of 4,501,266. The firm’s 50 day moving average price is $4.77 and its two-hundred day moving average price is $4.34. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44. Energy Vault has a 52-week low of $0.75 and a 52-week high of $6.64. The firm has a market cap of $758.45 million, a PE ratio of -5.99 and a beta of 1.17.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $21.88 million during the quarter, compared to analyst estimates of $20.72 million. Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. Sell-side analysts predict that Energy Vault will post -0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Energy Vault

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

Analyst Upgrades and Downgrades

NRGV has been the subject of several recent research reports. Fundamental Research set a $6.05 price target on Energy Vault and gave the company a “buy” rating in a report on Tuesday, March 24th. Citigroup initiated coverage on Energy Vault in a research note on Thursday, June 11th. They set a “neutral” rating and a $5.25 price objective on the stock. Wall Street Zen cut Energy Vault from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Cantor Fitzgerald started coverage on Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Energy Vault has a consensus rating of “Reduce” and an average target price of $5.08.

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.