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Energy Vault Holdings Inc (NRGV) gets rating Downgrade from Chardan Capital Markets

In a filing, Energy Vault Holdings Inc revealed its Officer Terruzzin Marco acquired Company’s shares for reported $21146.0 on Oct 01 ’24. In the deal valued at $0.95 per share,22,222 shares were bought.

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Then, Piconi Robert bought 300,000 shares, generating $260,190 in total proceeds. Upon buying the shares at $0.87, the Chief Executive Officer now owns 17,476,220 shares.

Before that, ALEXANDER LAURENCE sold 24,208 shares. Energy Vault Holdings Inc shares valued at $20,020 were divested by the Chief Marketing Officer at a price of $0.83 per share. As a result of the transaction, ALEXANDER LAURENCE now holds 1,189,336 shares, worth roughly $1.13 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 Tuesday, Energy Vault Holdings Inc [NYSE:NRGV] saw its stock fall -1.04% to $0.95. Over the last five days, the stock has lost -6.86%. Energy Vault Holdings Inc shares have fallen nearly -59.23% since the year began. Nevertheless, the stocks have fallen -62.75% over the past one year. While a 52-week high of $3.22 was reached on 01/02/24, a 52-week low of $0.78 was recorded on 09/13/24. SMA at 50 days reached $0.9703, while 200 days put it at $1.3793.

Levels Of Support And Resistance For NRGV Stock

The 24-hour chart illustrates a support level at 0.9322, which if violated will result in even more drops to 0.9143. On the upside, there is a resistance level at 0.9657. A further resistance level may holdings at 0.9813. The Relative Strength Index (RSI) on the 14-day chart is 49.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0094, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 49.66% 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 2024-09-13, growing by 0.42 million shares to a total of 14.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.08 million shares. There was a rise of 2.86%, which implies that there is a positive sentiment for the stock.

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.

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