Energy Vault Holdings Inc’s recently made public that its Chief Legal Officer McMorrow Josh unloaded Company’s shares for reported $33445.0 on Mar 19 ’24. In the deal valued at $1.63 per share,20,468 shares were sold. As a result of this transaction, McMorrow Josh now holds 595,188 shares worth roughly $0.94 million.
Then, ALEXANDER LAURENCE sold 20,385 shares, generating $33,329 in total proceeds. Upon selling the shares at $1.64, the Chief Marketing Officer now owns 897,123 shares.
Before that, Wiese Christopher sold 10,956 shares. Energy Vault Holdings Inc shares valued at $17,902 were divested by the Chief Operating Officer at a price of $1.63 per share. As a result of the transaction, Wiese Christopher now holds 731,378 shares, worth roughly $1.16 million.
Chardan Capital Markets downgraded its Energy Vault Holdings Inc [NRGV] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid March has reiterated a ‘”an Outperform”‘ rating for it. ROTH MKM began covering NRGV with “Buy” recommendation on January 16, 2024. Guggenheim revised its rating on March 06, 2023. It rated NRGV as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NRGV
On Monday, Energy Vault Holdings Inc [NYSE:NRGV] saw its stock fall -8.67% to $1.58. Over the last five days, the stock has lost -18.13%. Energy Vault Holdings Inc shares have fallen nearly -32.19% since the year began. Nevertheless, the stocks have fallen -13.19% over the past one year. While a 52-week high of $3.55 was reached on 01/02/24, a 52-week low of $1.35 was recorded on 02/06/24. SMA at 50 days reached $1.7086, while 200 days put it at $2.3419. A total of 1.39 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For NRGV Stock
The 24-hour chart illustrates a support level at 1.4967, which if violated will result in even more drops to 1.4133. On the upside, there is a resistance level at 1.6717. A further resistance level may holdings at 1.7633. The Relative Strength Index (RSI) on the 14-day chart is 42.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0579, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.87%. Stochastics %K at 33.58% indicates the stock is a holding.
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 Mar 15, 2024, dropping by -0.45 million shares to a total of 11.62 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.07 million shares. There was a decline of -3.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.26% of the overall stock float, the days-to-cover ratio (short ratio) fell to 15.64.
The most recent change occurred on June 29, 2022 when Chardan Capital Markets began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.
