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Understanding the Risks of Investing in Energy Vault Holdings Inc (NRGV)

Energy Vault Holdings Inc’s recently made public that its Former Officer McMorrow Josh acquired Company’s shares for reported $0.11 million on Oct 25 ’24. In the deal valued at $1.67 per share,67,605 shares were bought.

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Then, Terruzzin Marco bought 22,222 shares, generating $22,533 in total proceeds.

Before that, Terruzzin Marco bought 22,222 shares. Energy Vault Holdings Inc shares valued at $21,093 were divested by the Officer at a price of $0.95 per share.

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 Friday, Energy Vault Holdings Inc [NYSE:NRGV] saw its stock fall -1.78% to $1.66. Over the last five days, the stock has gained 9.93%. Energy Vault Holdings Inc shares have fallen nearly -28.76% since the year began. Nevertheless, the stocks have fallen -21.33% 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 $1.0674, while 200 days put it at $1.2933.

Levels Of Support And Resistance For NRGV Stock

The 24-hour chart illustrates a support level at 1.6200, which if violated will result in even more drops to 1.5800. On the upside, there is a resistance level at 1.7100. A further resistance level may holdings at 1.7600. The Relative Strength Index (RSI) on the 14-day chart is 67.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.3388, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.27%. Stochastics %K at 76.67% 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 2024-10-15, growing by 2.38 million shares to a total of 16.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.49 million shares. There was a rise of 14.1%, 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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