NextNRG (NASDAQ:NXXT) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of NextNRG (NASDAQ:NXXT) from a hold rating to a sell rating in a research report report published on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.50.

NextNRG Stock Performance

NXXT stock opened at $0.63 on Friday. NextNRG has a one year low of $0.47 and a one year high of $3.59. The firm has a market cap of $85.24 million, a price-to-earnings ratio of -0.31 and a beta of -0.52. The firm has a 50-day simple moving average of $1.05 and a two-hundred day simple moving average of $1.50.

Insider Activity

In other NextNRG news, CTO Avishai Vaknin sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2.00, for a total transaction of $30,000.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel Ronald Arbour sold 31,446 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were 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 in the company, valued at $126,308.98. The trade was a 26.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 104,947 shares of company stock worth $152,601. Corporate insiders own 69.10% of the company’s stock.

Institutional Investors Weigh In On NextNRG

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in NextNRG by 131.2% in the 3rd 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 last quarter. Geode Capital Management LLC grew its stake in NextNRG by 57.2% during the 4th quarter. Geode Capital Management LLC now owns 868,998 shares of the company’s stock valued at $1,260,000 after purchasing an additional 316,250 shares during the last quarter. Jaffetilchin Investment Partners LLC acquired a new position in shares of NextNRG in the fourth quarter valued at about $874,000. State Street Corp raised its stake in shares of NextNRG by 289.1% in the fourth quarter. State Street Corp now owns 551,524 shares of the company’s stock worth $800,000 after purchasing an additional 409,768 shares during the last quarter. Finally, Forefront Wealth Partners LLC purchased a new position in shares of NextNRG in the third quarter worth about $917,000. 10.56% of the stock is owned by hedge funds and other 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.