Energy Vault (NYSE:NRGV) Stock Price Down 9.9% – Time to Sell?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price fell 9.9% during trading on Friday . The company traded as low as $3.12 and last traded at $3.0650. 1,149,946 shares changed hands during trading, a decline of 67% from the average session volume of 3,482,425 shares. The stock had previously closed at $3.40.

Analyst Upgrades and Downgrades

NRGV has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. The Goldman Sachs Group increased their target price on Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research report on Wednesday, November 12th. Zacks Research lowered shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Fundamental Research set a $5.19 target price on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.67.

Energy Vault Stock Performance

The company has a market cap of $510.92 million, a price-to-earnings ratio of -3.21 and a beta of 0.91. The firm’s 50 day simple moving average is $4.63 and its 200-day simple moving average is $3.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63.

Insider Transactions at Energy Vault

In other Energy Vault news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5.65, for a total value of $16,950,000.00. Following the completion of the sale, the insider owned 15,535,631 shares in the company, valued at approximately $87,776,315.15. This represents a 16.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Thomas Beer sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total value of $245,500.00. Following the transaction, the chief financial officer owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This represents a 4.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 15.40% of the company’s stock.

Institutional Trading of Energy Vault

Institutional investors have recently made changes to their positions in the company. Catalyst Funds Management Pty Ltd purchased a new position in Energy Vault in the second quarter worth approximately $36,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Energy Vault during the 3rd quarter worth $36,000. XTX Topco Ltd acquired a new stake in shares of Energy Vault during the 2nd quarter worth about $39,000. Platform Technology Partners acquired a new stake in shares of Energy Vault during the 3rd quarter worth about $40,000. Finally, Banco BTG Pactual S.A. purchased a new stake in Energy Vault in the 3rd quarter valued at about $43,000. Hedge funds and other 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.