While Energy Vault Holdings Inc has underperformed by -0.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NRGV fell by -63.19%, with highs and lows ranging from $3.22 to $0.78, whereas the simple moving average fell by -26.00% in the last 200 days.
On April 08, 2024, Chardan Capital Markets Downgraded Energy Vault Holdings Inc (NYSE: NRGV) to Sell. A report published by TD Cowen on March 13, 2024, Reiterated its previous ‘Outperform’ rating for NRGV. ROTH MKM also rated NRGV shares as ‘Buy’, setting a target price of $4 on the company’s shares in an initiating report dated January 16, 2024. Chardan Capital Markets initiated its ‘Buy’ rating for NRGV, as published in its report on June 29, 2022. Guggenheim’s report from March 22, 2022 suggests a price prediction of $22 for NRGV shares, giving the stock a ‘Buy’ rating. Goldman also rated the stock as ‘Sell’.
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Analysis of Energy Vault Holdings Inc (NRGV)
Further, the quarter-over-quarter decrease in sales is -90.50%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Energy Vault Holdings Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -39.92% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.77, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and NRGV is recording an average volume of 572.68K. On a monthly basis, the volatility of the stock is set at 10.06%, whereas on a weekly basis, it is put at 13.14%, with a gain of 15.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.75, showing growth from the present price of $1.06, which can serve as yet another indication of whether NRGV is worth investing in or should be passed over.
How Do You Analyze Energy Vault Holdings Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 48.45%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 25.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NRGV shares are owned by institutional investors to the tune of 25.80% at present.
