Energy Vault Holdings Inc (NRGV) At $1.76 Offering A Unique Opportunity

Energy Vault Holdings Inc (NYSE:NRGV) currently has a daily average trading volume of 756.10K but it saw 1708409 shares traded in last market. With a market cap of 264.84M USD, the company’s current market price of $1.76 came falling about -6.88 while comparing to the previous closing price of $1.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.22 and as low as $0.78. In the recent trading on the day, stock has struck highest price mark of $1.68 while lowest mark touched by it was $1.915.

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 43.09% up while it is 72.55% when we observe its performance for the past one month. Year-to-date it is -24.46% down and over the past year, the stock is showing a downside performance of -10.66%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.13 beat the consensus estimate of -0.15 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of -0.14 while estimate for next year EPS is -0.58. In next quarter, company is expected to be making quarterly sales of $38.6M as analysts are expecting the sales for current fiscal year at $76.4M and seeing the company making $409.48M in sales next year. Moreover, analysts are in estimates of $13.4M 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 -44.98% and return on equity (ROE) at -39.92%. Stock’s beta reads 0.70. Stock has a price to book (P/B) ratio of 1.35 while price to sale or P/S ratio amounts to 0.88. Its return on asset (ROA) is -28.03% on average.