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

Energy Vault Holdings, Inc. (NYSE:NRGV) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 52,796 call options on the stock. This represents an increase of 1,067% compared to the average daily volume of 4,523 call options.

Energy Vault Trading Up 3.3%

Shares of NRGV traded up $0.09 during trading on Monday, reaching $2.63. 699,420 shares of the company traded hands, compared to its average volume of 4,453,591. Energy Vault has a twelve month low of $2.46 and a twelve month high of $6.64. The stock has a market cap of $479.15 million, a PE ratio of -3.99 and a beta of 1.25. The stock has a 50-day simple moving average of $3.73 and a 200-day simple moving average of $3.98. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07.

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

Insider Transactions at Energy Vault

In other news, Director Stephanie Unwin sold 115,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were 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 of the company’s stock, valued at $676,128.95. This represents a 38.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dylan Hixon purchased 85,518 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased 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 approximately $4,125,911.90. The trade was a 8.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 17.20% of the stock is owned by insiders.

Institutional Trading of Energy Vault

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in Energy Vault by 153.2% during the third quarter. Sterling Capital Management LLC now owns 9,111 shares of the company’s stock worth $36,000 after purchasing an additional 5,512 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Energy Vault during the third quarter worth $633,000. Edge Wealth Management LLC acquired a new stake in shares of Energy Vault in the third quarter valued at $219,000. Private Capital Advisors Inc. acquired a new stake in shares of Energy Vault in the third quarter valued at $316,000. Finally, Tidal Investments LLC grew its stake in shares of Energy Vault by 105.9% in the second quarter. Tidal Investments LLC now owns 688,592 shares of the company’s stock valued at $3,243,000 after buying an additional 354,220 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

NRGV has been the topic of a number of recent analyst reports. Fundamental Research set a $8.03 price objective on Energy Vault and gave the company a “buy” rating in a report on Tuesday, August 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 price objective on shares of Energy Vault in a research report on Wednesday, August 12th. Citigroup cut their target price on Energy Vault from $6.00 to $4.75 and set a “buy” rating for the company in a research note on Wednesday. Roth Capital restated a “buy” rating and issued a $7.00 target price (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Finally, Weiss Ratings cut Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Four equities 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.76.

Energy Vault Company Profile

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.