Energy Vault (NYSE:NRGV) Director Buys $106,591.36 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Dylan Hixon bought 27,472 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $3.88 per share, for a total transaction of $106,591.36. Following the transaction, the director owned 27,472 shares in the company, valued at $106,591.36. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dylan Hixon also recently made the following trade(s):

• On Friday, August 14th, Dylan Hixon purchased 85,518 shares of Energy Vault stock. The shares were purchased at an average cost of $3.74 per share, with a total value of $319,837.32.

Energy Vault Price Performance

Shares of NRGV opened at $3.75 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault Holdings, Inc. has a twelve month low of $1.55 and a twelve month high of $6.64. The stock has a market capitalization of $668.44 million, a P/E ratio of -5.68 and a beta of 1.21. The company has a 50 day moving average of $3.63 and a 200-day moving average of $3.90.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%.The business had revenue of $17.37 million during the quarter, compared to the consensus estimate of $14.24 million. As a group, equities research analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Institutional Trading of Energy Vault

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RFG Advisory LLC acquired a new stake in shares of Energy Vault in the fourth quarter valued at approximately $1,560,000. Royal Bank of Canada increased its holdings in shares of Energy Vault by 306,907.9% during the 1st quarter. Royal Bank of Canada now owns 463,582 shares of the company’s stock worth $1,529,000 after acquiring an additional 463,431 shares during the last quarter. UBS Group AG raised its stake in Energy Vault by 940.1% in the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock valued at $7,104,000 after acquiring an additional 1,392,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Energy Vault during the 4th quarter valued at $1,805,000. Finally, Swiss National Bank bought a new position in Energy Vault during the first quarter worth $581,000. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $7.00 price target on shares of Energy Vault in a research report on Wednesday, August 12th. Citigroup raised their price objective on Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen lowered Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Fundamental Research set a $8.03 price target on Energy Vault and gave the company a “buy” rating in a research report on Tuesday. Finally, Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.01.

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.