NextNRG (NASDAQ:NXXT) Lowered to Sell Rating by Wall Street Zen

NextNRG (NASDAQ:NXXT) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

NextNRG Trading Up 3.4%

Shares of NASDAQ NXXT opened at $0.66 on Friday. NextNRG has a 12-month low of $0.47 and a 12-month high of $3.59. The firm’s 50-day moving average price is $1.07 and its 200-day moving average price is $1.50. The stock has a market capitalization of $88.60 million, a price-to-earnings ratio of -0.33 and a beta of -0.57.

Insider Activity

In related news, Director Daniel Ronald Arbour sold 42,109 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $1.31, for a total transaction of $55,162.79. Following the transaction, the director directly owned 169,709 shares in the company, valued at approximately $222,318.79. This represents a 19.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Avishai Vaknin sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2.00, for a total transaction of $30,000.00. Following the completion of the sale, the chief technology officer directly owned 284,204 shares of the company’s stock, valued at approximately $568,408. The trade was a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 147,056 shares of company stock worth $207,764 over the last quarter. 69.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NextNRG

A number of institutional investors and hedge funds have recently modified their holdings of NXXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in NextNRG during the 2nd quarter valued at $26,000. XTX Topco Ltd bought a new stake in shares of NextNRG during the fourth quarter worth $27,000. Sovran Advisors LLC purchased a new stake in shares of NextNRG during the fourth quarter valued at $29,000. Intech Investment Management LLC purchased a new stake in shares of NextNRG during the second quarter valued at $29,000. Finally, HRT Financial LP bought a new position in shares of NextNRG in the fourth quarter worth about $31,000. 10.56% of the stock is owned by institutional investors.

About NextNRG

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.