Shares of NextNRG Inc. (NASDAQ:NXXT – Get Free Report) traded down 3.5% during trading on Thursday . The company traded as low as $0.33 and last traded at $0.3425. 3,274,422 shares traded hands during trading, a decline of 60% from the average daily volume of 8,090,002 shares. The stock had previously closed at $0.3551.
Wall Street Analyst Weigh In
Several research firms have commented on NXXT. Zacks Research upgraded shares of NextNRG from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of NextNRG to a “sell” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, NextNRG has a consensus rating of “Hold” and a consensus price target of $5.00.
Read Our Latest Stock Analysis on NextNRG
NextNRG Stock Performance
NextNRG (NASDAQ:NXXT – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $21.06 million during the quarter. Equities analysts forecast that NextNRG Inc. will post -0.26 EPS for the current year.
Hedge Funds Weigh In On NextNRG
Several institutional investors and hedge funds have recently modified their holdings of NXXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in NextNRG in the 2nd quarter worth about $26,000. Intech Investment Management LLC bought a new position in shares of NextNRG during the second quarter worth approximately $29,000. JPMorgan Chase & Co. increased its holdings in shares of NextNRG by 94.0% during 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. Wellington Management Group LLP raised its position in shares of NextNRG by 36.1% in the fourth quarter. Wellington Management Group LLP now owns 54,017 shares of the company’s stock valued at $78,000 after buying an additional 14,328 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of NextNRG in the fourth quarter valued at approximately $27,000. 10.56% of the stock is currently owned by institutional investors and hedge funds.
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.
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