Energy Vault (NYSE:NRGV - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03), Zacks reports. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. The business had revenue of $1.20 million during the quarter, compared to analysts' expectations of $4.80 million. During the same quarter in the prior year, the firm earned ($0.13) EPS.
Energy Vault Trading Down 12.0 %
NRGV traded down $0.20 on Friday, hitting $1.46. 1,087,907 shares of the company were exchanged, compared to its average volume of 842,202. Energy Vault has a twelve month low of $0.78 and a twelve month high of $2.69. The company has a market cap of $219.71 million, a price-to-earnings ratio of -2.25 and a beta of 0.45. The firm has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.18.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on NRGV shares. TD Cowen restated a "buy" rating and issued a $2.50 target price on shares of Energy Vault in a research report on Wednesday. Roth Mkm dropped their price objective on Energy Vault from $2.50 to $2.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1.95.
Get Our Latest Report on Energy Vault
About Energy Vault
(
Get Free Report)
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.
Further Reading
Before you consider Energy Vault, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Vault wasn't on the list.
While Energy Vault currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
