Investors Give Energy Vault Holdings, Inc. (NYSE:NRGV) Shares A 29% Hiding
Investors Give Energy Vault Holdings, Inc. (NYSE:NRGV) Shares A 29% Hiding
The Energy Vault Holdings, Inc. (NYSE:NRGV) share price has fared very poorly over the last month, falling by a substantial 29%. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 36% in that time.
Since its price has dipped substantially, Energy Vault Holdings may be sending bullish signals at the moment with its price-to-sales (or "P/S") ratio of 0.5x, since almost half of all companies in the Electrical industry in the United States have P/S ratios greater than 1.7x and even P/S higher than 4x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
What Does Energy Vault Holdings' Recent Performance Look Like?
Recent times have been advantageous for Energy Vault Holdings as its revenues have been rising faster than most other companies. Perhaps the market is expecting future revenue performance to dive, which has kept the P/S suppressed. If not, then existing shareholders have reason to be quite optimistic about the future direction of the share price.
Keen to find out how analysts think Energy Vault Holdings' future stacks up against the industry? In that case, our free report is a great place to start.What Are Revenue Growth Metrics Telling Us About The Low P/S?
The only time you'd be truly comfortable seeing a P/S as low as Energy Vault Holdings' is when the company's growth is on track to lag the industry.
If we review the last year of revenue growth, the company posted a terrific increase of 134%. Still, revenue has barely risen at all from three years ago in total, which is not ideal. So it appears to us that the company has had a mixed result in terms of growing revenue over that time.
Turning to the outlook, the next three years should generate growth of 69% each year as estimated by the six analysts watching the company. With the industry only predicted to deliver 33% per year, the company is positioned for a stronger revenue result.
In light of this, it's peculiar that Energy Vault Holdings' P/S sits below the majority of other companies. Apparently some shareholders are doubtful of the forecasts and have been accepting significantly lower selling prices.
What Does Energy Vault Holdings' P/S Mean For Investors?
The southerly movements of Energy Vault Holdings' shares means its P/S is now sitting at a pretty low level. We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
Energy Vault Holdings' analyst forecasts revealed that its superior revenue outlook isn't contributing to its P/S anywhere near as much as we would have predicted. When we see strong growth forecasts like this, we can only assume potential risks are what might be placing significant pressure on the P/S ratio. While the possibility of the share price plunging seems unlikely due to the high growth forecasted for the company, the market does appear to have some hesitation.
It is also worth noting that we have found 4 warning signs for Energy Vault Holdings that you need to take into consideration.
If you're unsure about the strength of Energy Vault Holdings' business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Energy Vault Holdings, Inc.(紐約證券交易所代碼:NRGV)的股價在上個月表現非常糟糕,大幅下跌了29%。過去30天的下跌結束了股東艱難的一年,當時股價下跌了36%。
由於其價格大幅下跌,Energy Vault Holdings目前可能正在發出看漲信號,其市銷率(或 “市盈率”)爲0.5倍,因爲美國電氣行業幾乎有一半的公司市盈率大於1.7倍,甚至市盈率高於4倍的情況並不少見。但是,我們需要更深入地挖掘以確定降低市銷率是否有合理的依據。
Energy Vault Holdings的近期表現如何?
最近對Energy Vault Holdings來說是有利的,因爲其收入的增長速度快於大多數其他公司。也許市場預計未來的收入表現將下降,這使市銷率一直受到抑制。如果不是,那麼現有股東就有理由對股價的未來走向非常樂觀。
想了解分析師如何看待Energy Vault Holdings的未來與該行業的對立嗎?在這種情況下,我們的免費報告是一個很好的起點。收入增長指標告訴我們低市銷率有哪些?
只有當公司的增長有望落後於該行業時,你才能真正放心地看到像Energy Vault Holdings一樣低的市銷率。
如果我們回顧一下去年的收入增長,該公司公佈了134%的驚人增長。儘管如此,總收入與三年前相比幾乎沒有增長,這並不理想。因此,在我們看來,該公司的收入增長好壞參半。
展望來看,根據關注該公司的六位分析師的估計,未來三年每年將實現69%的增長。由於該行業預計每年僅實現33%的收入,該公司有望實現更強勁的收入業績。
有鑑於此,奇怪的是,Energy Vault Holdings的市銷率低於其他多數公司。顯然,一些股東對預測持懷疑態度,並一直在接受大幅降低的銷售價格。
Energy Vault Holdings的市銷率對投資者意味着什麼?
Energy Vault Holdings的股價向南走勢意味着其市銷率目前處於相當低的水平。我們可以說,市銷比率的力量主要不是作爲一種估值工具,而是用來衡量當前的投資者情緒和未來預期。
Energy Vault Holdings的分析師預測顯示,其優異的收入前景對市銷率的貢獻沒有我們預期的那麼高。當我們看到這樣的強勁增長預測時,我們只能假設潛在風險可能會給市銷率帶來巨大壓力。儘管由於預計該公司將實現高增長,股價暴跌的可能性似乎不大,但市場似乎確實有些猶豫。
還值得注意的是,我們已經發現了Energy Vault Holdings的4個警告信號,你需要考慮這些信號。
如果您不確定Energy Vault Holdings的業務實力,爲什麼不瀏覽我們的互動式股票清單,其中列出了您可能錯過的其他一些公司的業務基礎穩健的股票。
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。
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