Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 3,079 call options on the stock. This is an increase of approximately 3,247% compared to the typical daily volume of 92 call options.
Energy Vault Stock Down 2.1 %
Shares of NYSE NRGV traded down $0.04 during trading hours on Tuesday, reaching $1.84. 385,149 shares of the stock traded hands, compared to its average volume of 765,711. The company has a market capitalization of $276.88 million, a P/E ratio of -3.10 and a beta of 0.65. Energy Vault has a 52-week low of $0.78 and a 52-week high of $3.22. The company’s 50-day simple moving average is $0.98 and its two-hundred day simple moving average is $1.10.
Energy Vault (NYSE:NRGV – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). The firm had revenue of $3.77 million for the quarter, compared to analysts’ expectations of $16.65 million. Energy Vault had a negative net margin of 29.29% and a negative return on equity of 40.67%. During the same period in the prior year, the business posted ($0.18) earnings per share. As a group, sell-side analysts forecast that Energy Vault will post -0.6 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Energy Vault
Analyst Upgrades and Downgrades
Separately, Roth Mkm lowered their price target on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $2.25.
Check Out Our Latest Analysis on NRGV
Energy Vault Company Profile
Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.
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