Look Past The Setbacks And Give Energy Vault Holdings Inc (NYSE: NRGV) Another Chance

Energy Vault Holdings Inc (NYSE:NRGV) currently has a daily average trading volume of 790.33K but it saw 1553579 shares traded in last market. With a market cap of 151.83M USD, the company’s current market price of $1.02 came rising about 2.36 while comparing to the previous closing price of $1.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.55 and as low as $0.91.

Taking a look at 20-day trading activity of Energy Vault Holdings Inc (NRGV) gives us an average price of $1.1149, while its current price level is -71.27% below from 52-week high level whereas it is 12.09% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1828 while that of 200 days or SMA-200 reads an average of $1.8399. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.68% during that period while stretching the period over a month that increases to 8.19%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.62 which implies that the stock is in neutral territory.

ROTH MKM issued its recommendations for the stock as it initiated the price target for the stock is $4.

Over the week, NRGV’s stock price is moving 5.66% up while it is -20.31% when we observe its performance for the past one month. Year-to-date it is -56.22% down and over the past year, the stock is showing a downside performance of -53.64%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.18 beat the consensus estimate of -0.2 for the same. In next quarter, company is expected to be making quarterly sales of $18.06M as analysts are expecting the sales for current fiscal year at $70.2M and seeing the company making $500.1M in sales next year. Moreover, analysts are in estimates of $16.65M for current-quarter revenue.

Currently, Energy Vault Holdings Inc’s total number of outstanding shares is 146.58M. Company’s return on investment (ROI) stands at -41.44% and return on equity (ROE) at -37.09%. Stock’s beta reads 0.65. Stock has a price to book (P/B) ratio of 0.71 while price to sale or P/S ratio amounts to 0.45. Its return on asset (ROA) is -26.46% on average.