NextNRG (NASDAQ:NXXT) Director Sells $45,911.16 in Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 31,446 shares of the business’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 value of $45,911.16. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Daniel Ronald Arbour also recently made the following trade(s):

• On Tuesday, December 30th, Daniel Ronald Arbour sold 6,751 shares of NextNRG stock. The stock was sold at an average price of $1.53, for a total value of $10,329.03.
• On Tuesday, December 9th, Daniel Ronald Arbour sold 27,891 shares of NextNRG stock. The shares were sold at an average price of $1.31, for a total transaction of $36,537.21.
• On Friday, December 5th, Daniel Ronald Arbour sold 23,859 shares of NextNRG stock. The shares were sold at an average price of $1.25, for a total transaction of $29,823.75.
• On Monday, December 1st, Daniel Ronald Arbour sold 42,109 shares of NextNRG stock. The stock was sold at an average price of $1.31, for a total transaction of $55,162.79.

NextNRG Stock Performance

Shares of NextNRG stock traded down $0.02 during trading hours on Tuesday, reaching $1.42. The company’s stock had a trading volume of 1,768,978 shares, compared to its average volume of 718,943. NextNRG Inc. has a one year low of $0.93 and a one year high of $4.34. The company has a market capitalization of $190.86 million, a P/E ratio of -0.70 and a beta of -0.53. The stock’s fifty day simple moving average is $1.56 and its two-hundred day simple moving average is $1.83.

NextNRG (NASDAQ:NXXT) last posted its earnings results on Friday, November 14th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The firm had revenue of $22.86 million for the quarter, compared to the consensus estimate of $20.93 million.

Analyst Ratings Changes

NXXT has been the subject of several analyst reports. Wall Street Zen raised NextNRG from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. HC Wainwright began coverage on NextNRG in a report on Tuesday, September 2nd. They set a “buy” rating and a $5.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of NextNRG to a “hold” rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NextNRG presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of NextNRG during the 2nd quarter worth $26,000. Intech Investment Management LLC purchased a new position in NextNRG during the second quarter valued at approximately $29,000. JPMorgan Chase & Co. increased its holdings in shares of NextNRG by 94.0% in the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock worth $43,000 after purchasing an additional 11,261 shares during the period. Veracity Capital LLC purchased a new stake in shares of NextNRG in the 2nd quarter valued at about $34,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in NextNRG in the first quarter valued at approximately $84,000. 10.56% of the stock is currently owned by hedge funds and other 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.