A company insider recently sold 16,250 shares of Energy Vault Holdings Inc. [NRGV]. Should You also Consider to Sale?


Energy Vault Holdings Inc.’s filing revealed that its Director GROSS WILLIAM unloaded Company’s shares for reported $61394.0 on Oct 25. In the deal valued at $3.78 per share,16,250 shares were sold. As a result of this transaction, GROSS WILLIAM now holds 1,590,997 shares worth roughly $ 4.9 million.

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Then, GROSS WILLIAM sold 16,250 shares, generating $58,729 in total proceeds. Upon selling the shares at $3.61, the Director now owns 1,607,247 shares.

Before that, GROSS WILLIAM sold 80,000 shares. Energy Vault Holdings Inc. shares valued at $337,440 were divested by the Director at a price of $4.22 per share. As a result of the transaction, GROSS WILLIAM now holds 4,822,950 shares, worth roughly $14.85 million.

Chardan Capital Markets initiated its Energy Vault Holdings Inc. [NRGV] rating to a Buy in a research note published on Monday, June 29, 2022; the price target was $13. PT values the company’s stock at a premium of 76.31 to its Monday closing price. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Goldman began covering NRGV with “Sell” recommendation on March 14, 2022. Stifel started covering the stock on March 09, 2022. It rated NRGV as “a Buy”.

Price Performance Review of NRGV

On Monday, Energy Vault Holdings Inc. [NYSE:NRGV] saw its stock fall -0.32% to $3.08. On the same session, the stock had its day’s lowest price of $2.925, but rose to a high of $3.20. Over the last five days, the stock has lost -4.35%. Energy Vault Holdings Inc. shares have fallen nearly -68.89% since the year began. Nevertheless, the stocks have fallen -69.14% over the past one year. While a 52-week high of $22.10 was reached on 04/05/22, a 52-week low of $2.80 was recorded on 11/02/22. SMA at 50 days reached $4.59, while 200 days put it at $9.18. A total of 0.63 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For NRGV Stock

The 24-hour chart illustrates a support level at 2.94, which if violated will result in even more drops to 2.79. On the upside, there is a resistance level at 3.21. A further resistance level may holdings at 3.34. The Relative Strength Index (RSI) on the 14-day chart is 34.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.14%. Stochastics %K at 12.69% indicates the stock is a buying.

How much short interest is there in Energy Vault Holdings Inc.?

A steep rise in short interest was recorded in Energy Vault Holdings Inc. stocks on Jul 14, 2022, dropping by 10000.0 shares to a total of 2.93 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.94 million shares. There was a decline of -0.34%, which implies that there is a negative sentiment for the stock.

Energy Vault Holdings Inc. [NRGV] – Who Are The Largest Shareholders?

In filings from SailingStone Capital Partners LLC, it is revealed that the company now owns 4,189,012 shares, or roughly 3.06% of the outstanding NRGV shares. In other words, the investor’s shares have risen by 316,538 from its previous 13-F filing of 3872474.0. At present, BNP Paribas Asset Management UK L is holding 649,699 shares valued at $3.43 million. SSgA Funds Management, Inc. owned 546,265 shares of the company at the time of its most recent 13F filing, worth $2.88 million.

According to FactSet, Energy Vault Holdings Inc.’s share price will average $10.20 in the next year, based on opinions of analysts polled by the firm. This is up nearly 272.17 percent from its previous closing price of $3.09. Analysts expect Energy Vault Holdings Inc. stock to reach the higher price of $13.00, while the lowest price estimate is $4.50. However, 5 analysts have rated NRGV stock as an Overweight in their predictions for 2022. The most recent change occurred on February 24, 2022 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $18 price target.


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