Traders Purchase High Volume of Call Options on Energy Vault (NYSE:NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) saw unusually large options trading on Thursday. Traders bought 9,236 call options on the company. This is an increase of approximately 94% compared to the average volume of 4,755 call options.

Insider Buying and Selling

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total transaction of $265,200.00. Following the sale, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at $4,168,968.48. This represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energy Vault

Institutional investors and hedge funds have recently made changes to their positions in the company. RFG Advisory LLC bought a new stake in Energy Vault in the 4th quarter valued at $1,560,000. UBS Group AG increased its position in Energy Vault by 940.1% during the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock worth $7,104,000 after buying an additional 1,392,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Energy Vault during the fourth quarter worth $1,805,000. Monashee Investment Management LLC acquired a new stake in shares of Energy Vault during the first quarter worth $582,000. Finally, Legal & General Group Plc bought a new stake in shares of Energy Vault in the fourth quarter valued at about $18,217,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

NRGV has been the topic of a number of recent research reports. Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Cantor Fitzgerald began coverage on Energy Vault in a report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Citigroup upgraded shares of Energy Vault from a “neutral” rating to a “buy” rating and cut their price objective for the company from $5.25 to $5.00 in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Energy Vault has a consensus rating of “Hold” and an average target price of $5.01.

Energy Vault Stock Up 11.8%

Shares of NRGV stock traded up $0.29 during trading on Thursday, reaching $2.81. The company’s stock had a trading volume of 1,783,102 shares, compared to its average volume of 4,480,001. The business has a fifty day moving average price of $4.20 and a 200-day moving average price of $4.13. Energy Vault has a one year low of $1.02 and a one year high of $6.64. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94. The company has a market cap of $499.99 million, a price-to-earnings ratio of -3.95 and a beta of 1.17.

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

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.