NextNRG (NASDAQ:NXXT) Stock Rating Lowered 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 note issued to investors on Saturday.

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

NextNRG Stock Performance

NASDAQ NXXT opened at $0.66 on Friday. The company has a market capitalization of $88.60 million, a PE ratio of -0.33 and a beta of -0.57. The business’s fifty day moving average is $1.07 and its 200 day moving average is $1.50. NextNRG has a fifty-two week low of $0.47 and a fifty-two week high of $3.59.

Insider Activity at NextNRG

In other news, CTO Avishai Vaknin sold 15,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2.00, for a total value of $30,000.00. Following the transaction, the chief technology officer owned 284,204 shares of the company’s stock, valued at approximately $568,408. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Ronald Arbour sold 31,446 shares of the company’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $1.46, for a total transaction of $45,911.16. Following the transaction, the director owned 86,513 shares of the company’s stock, valued at approximately $126,308.98. This represents a 26.66% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 147,056 shares of company stock worth $207,764. Company insiders own 69.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of NextNRG in the second quarter worth about $26,000. Intech Investment Management LLC bought a new stake in NextNRG in the 2nd quarter worth approximately $29,000. JPMorgan Chase & Co. purchased a new stake in shares of NextNRG during the 2nd quarter worth approximately $33,000. XTX Topco Ltd bought a new position in shares of NextNRG during the 4th quarter valued at approximately $27,000. Finally, Sovran Advisors LLC bought a new position in shares of NextNRG during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors 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.