Energy Vault Holdings Inc. (NYSE: NRGV) Jumps 0.76% In Recent Session. Here’s Everything You Need To Know.

The trading price of Energy Vault Holdings Inc. (NYSE:NRGV) closed higher on Monday, August 22, closing at $5.29, 0.76% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $5.14 and $5.48. In examining the 52-week price action we see that the stock hit a 52-week high of $22.10 and a 52-week low of $3.97. Over the past month, the stock has lost -10.49% in value.

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Energy Vault Holdings Inc., whose market valuation is $771.92 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.08 per share this quarter, however they have predicted annual earnings per share of -$0.28 for 2022 and -$0.04 for 2023. It means analysts are expecting annual earnings per share growth of 85.70% next year.

Analysts have forecast the company to bring in revenue of $7.92 million for the current quarter, with the likely lows of $5 million and highs of $14.6 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $152.42 million.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Energy Vault Holdings Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest NRGV has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that NRGV’s price is currently 9.20% off the SMA20 and -25.20% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.77, and weekly volatility stands at 11.15%. When measured over the past 30 days, the indicator reaches 12.22%. Energy Vault Holdings Inc. (NYSE:NRGV)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.60. With analysts defining $5.00-$19.00 as the low and high price targets, we arrive at a consensus price target of $12.70 for the trailing 12-month period. The current price is about 5.48% off the estimated low and -259.17% off the forecast high, based on this estimate. Investors will be thrilled if NRGV’s share price rises to $13.00, which is the median consensus price. At that level, NRGV’s share price would be -145.75% below current price.

To see how Energy Vault Holdings Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: NRGV stock’s performance was 0.76% in the latest trading, and -45.01% in the past year. Also in last trading session, the S&P 500 Index has plunged -2.14%, while the Dow Jones Industrial also saw a negative session, down -1.91% on the day.

An evaluation of the daily trading volume of Energy Vault Holdings Inc. (NYSE:NRGV) indicates that the 3-month average is 759.91K. However, this figure has increased over the past 10 days to an average of 1.12 million.

Currently, records show that 133.78 million of the company’s shares remain outstanding. The insiders hold 7.30% of outstanding shares, whereas institutions hold 34.40%. The stats also highlight that short interest as of Jul 14, 2022, stood at 2.93 million shares, resulting in a short ratio of 4.08 at that time. From this, we can conclude that short interest is 2.19% of the company’s total outstanding shares. It is noteworthy that short shares in July were down slightly from the previous month’s figure, which was 2.94 million. However, since the stock’s price has seen -46.57% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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