Shares of Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) have received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $2.25.
Separately, Roth Mkm lowered their target price on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.
Read Our Latest Analysis on Energy Vault
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Energy Vault Stock Up 3.6 %
NYSE:NRGV opened at $1.72 on Tuesday. The company has a market cap of $258.83 million, a P/E ratio of -2.87 and a beta of 0.65. Energy Vault has a twelve month low of $0.78 and a twelve month high of $3.22. The business has a 50 day moving average price of $1.08 and a two-hundred day moving average price of $1.11.
Energy Vault (NYSE:NRGV – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Energy Vault had a negative return on equity of 40.67% and a negative net margin of 29.29%. The business had revenue of $3.77 million for the quarter, compared to analyst estimates of $16.65 million. During the same quarter in the previous year, the company posted ($0.18) EPS. As a group, analysts anticipate that Energy Vault will post -0.6 earnings per share for the current fiscal year.
About Energy Vault
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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