NextNRG (NASDAQ:NXXT) Rating Lowered to “Sell” at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a research report on Thursday, January 22nd. One investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

NextNRG Trading Up 3.4%

Shares of NXXT stock opened at $0.66 on Friday. The firm has a market capitalization of $88.60 million, a P/E ratio of -0.33 and a beta of -0.52. NextNRG has a 1 year low of $0.47 and a 1 year high of $3.59. The firm’s fifty day simple moving average is $1.07 and its 200 day simple moving average is $1.50.

Insider Transactions at NextNRG

In other news, CTO Avishai Vaknin sold 15,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2.00, for a total value of $30,000.00. Following the completion of the transaction, the chief technology officer directly owned 284,204 shares of the company’s stock, valued at approximately $568,408. This represents a 5.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Ronald Arbour sold 31,446 shares of the business’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $1.46, for a total value of $45,911.16. Following the completion of the sale, the director directly owned 86,513 shares in the company, valued at approximately $126,308.98. This represents a 26.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,947 shares of company stock valued at $152,601 over the last ninety days. 69.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of NextNRG in the 2nd quarter valued at $26,000. XTX Topco Ltd bought a new position in NextNRG during the 4th quarter valued at about $27,000. Sovran Advisors LLC acquired a new position in NextNRG in the fourth quarter valued at about $29,000. Intech Investment Management LLC bought a new stake in NextNRG during the second quarter worth about $29,000. Finally, HRT Financial LP acquired a new stake in shares of NextNRG during the fourth quarter worth approximately $31,000. 10.56% of the stock is owned by institutional investors.

NextNRG Company Profile

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.