NextNRG (NASDAQ:NXXT) Director Sells $10,329.03 in Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 6,751 shares of NextNRG stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $1.53, for a total transaction of $10,329.03. Following the completion of the sale, the director owned 79,762 shares of the company’s stock, valued at $122,035.86. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 29th, Daniel Ronald Arbour sold 31,446 shares of NextNRG stock. The shares were sold at an average price of $1.46, for a total transaction of $45,911.16.
• On Tuesday, December 9th, Daniel Ronald Arbour sold 27,891 shares of NextNRG stock. The stock was 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 shares were sold at an average price of $1.31, for a total transaction of $55,162.79.

NextNRG Price Performance

Shares of NXXT stock traded down $0.02 on Tuesday, reaching $1.42. 1,768,978 shares of the company were exchanged, compared to its average volume of 718,943. The company has a 50-day moving average of $1.56 and a 200-day moving average of $1.83. The company has a market cap of $190.86 million, a price-to-earnings ratio of -0.70 and a beta of -0.53. NextNRG Inc. has a one year low of $0.93 and a one year high of $4.34.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NXXT shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a research report on Wednesday, October 8th. HC Wainwright began coverage on shares of NextNRG in a report on Tuesday, September 2nd. They set a “buy” rating and a $5.00 price objective on the stock. Zacks Research raised shares of NextNRG to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of NextNRG from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Institutional Inflows and Outflows

Several 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 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 2nd quarter worth approximately $29,000. JPMorgan Chase & Co. boosted its stake in shares of NextNRG by 94.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock worth $43,000 after buying an additional 11,261 shares during the last quarter. Veracity Capital LLC bought a new position in shares of NextNRG in the second quarter valued at approximately $34,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of 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.

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.