NextNRG (NASDAQ:NXXT) Trading Down 11.2% – Should You Sell?

NextNRG Inc. (NASDAQ:NXXT) dropped 11.2% during trading on Monday . The stock traded as low as $0.3860 and last traded at $0.3861. Approximately 4,700,770 shares traded hands during trading, a decline of 89% from the average daily volume of 44,753,256 shares. The stock had previously closed at $0.4350.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Zacks Research cut NextNRG from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of NextNRG to a “sell” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.50.

NextNRG Price Performance

The company has a market cap of $60.91 million, a price-to-earnings ratio of -0.55 and a beta of -0.04. The firm has a 50-day moving average price of $0.48 and a 200 day moving average price of $0.80.

NextNRG (NASDAQ:NXXT) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $21.06 million for the quarter. On average, equities analysts anticipate that NextNRG Inc. will post -0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On NextNRG

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jaffetilchin Investment Partners LLC bought a new stake in shares of NextNRG in the fourth quarter valued at about $874,000. Vanguard Group Inc. increased its position in NextNRG by 131.2% during the third quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company’s stock worth $1,920,000 after acquiring an additional 595,448 shares during the period. State Street Corp raised its stake in NextNRG by 289.1% in the 4th quarter. State Street Corp now owns 551,524 shares of the company’s stock worth $800,000 after purchasing an additional 409,768 shares in the last quarter. Geode Capital Management LLC raised its stake in NextNRG by 57.2% in the 4th quarter. Geode Capital Management LLC now owns 868,998 shares of the company’s stock worth $1,260,000 after purchasing an additional 316,250 shares in the last quarter. Finally, Themes Management Co LLC bought a new stake in NextNRG in the 1st quarter valued at about $100,000. Institutional investors and hedge funds own 10.56% of the company’s stock.

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.