Traders Buy Large Volume of Call Options on Energy Vault (NYSE:NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) saw some unusual options trading activity on Monday. Traders purchased 52,796 call options on the company. This represents an increase of 1,067% compared to the typical volume of 4,523 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Energy Vault from $6.00 to $4.75 and set a “buy” rating for the company in a report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and set a $7.00 price target on shares of Energy Vault in a research report on Wednesday, August 12th. Weiss Ratings cut shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Roth Capital reiterated a “buy” rating and issued a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Finally, Fundamental Research set a $8.03 target price on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.76.

Energy Vault Price Performance

Energy Vault stock traded up $0.09 during midday trading on Monday, reaching $2.63. The company had a trading volume of 699,420 shares, compared to its average volume of 4,453,591. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. Energy Vault has a 12-month low of $2.46 and a 12-month high of $6.64. The company has a market capitalization of $479.15 million, a P/E ratio of -3.99 and a beta of 1.25. The firm’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $3.98.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The firm had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $14.24 million. Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%. As a group, equities analysts anticipate that Energy Vault will post -0.56 EPS for the current year.

Insiders Place Their Bets

In related news, Director Dylan Hixon acquired 85,518 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $3.74 per share, with a total value of $319,837.32. Following the acquisition, the director directly owned 1,103,185 shares in the company, valued at $4,125,911.90. This represents a 8.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephanie Unwin sold 115,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total value of $426,650.00. Following the completion of the sale, the director owned 182,245 shares in the company, valued at $676,128.95. The trade was a 38.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NRGV. BlackRock Inc. purchased a new position in Energy Vault during the second quarter worth approximately $52,657,000. Legal & General Group Plc purchased a new stake in Energy Vault in the 2nd quarter valued at $25,508,000. J. Goldman & Co LP purchased a new stake in Energy Vault in the 2nd quarter valued at $7,085,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Energy Vault in the 2nd quarter worth $2,703,000. Finally, Bank of America Corp DE increased its stake in shares of Energy Vault by 349.6% in the 1st quarter. Bank of America Corp DE now owns 665,546 shares of the company’s stock worth $2,196,000 after acquiring an additional 517,528 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

About Energy Vault

Energy Vault Holdings, Inc develops and deploys utility-scale energy storage solutions designed to help integrate renewable power into electric grids. Its technologies are intended to store electricity during periods of excess generation and release it when demand is higher, supporting grid reliability and the broader transition to renewable energy.

The company’s portfolio includes gravity-based energy storage systems, battery energy storage systems and hybrid configurations. Its gravity storage platform, including the EVx system, uses mechanical processes to store and discharge energy, while its battery offerings are designed for applications such as renewable energy integration, capacity management and grid balancing.