NextNRG (NASDAQ:NXXT) Rating Increased to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of NextNRG (NASDAQ:NXXT – Free Report) to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other research analysts have also recently weighed in 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 raised shares of NextNRG from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Finally, HC Wainwright dropped their price target on shares of NextNRG to $15.00 and set a “buy” rating for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NextNRG currently has a consensus rating of “Hold” and an average target price of $15.00.

View Our Latest Stock Analysis on NextNRG

NextNRG Trading Down 1.7%

NXXT stock opened at $1.14 on Friday. The company has a market capitalization of $19.17 million, a PE ratio of -0.26 and a beta of 0.04. NextNRG has a 12-month low of $1.05 and a 12-month high of $28.80. The business’s fifty day moving average price is $2.44 and its 200 day moving average price is $3.84.

Hedge Funds Weigh In On NextNRG

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Themes Management Co LLC acquired a new stake in NextNRG in the first quarter valued at approximately $100,000. Susquehanna International Group LLP grew its holdings in NextNRG by 872.9% during the 2nd quarter. Susquehanna International Group LLP now owns 140,706 shares of the company’s stock worth $49,000 after acquiring an additional 126,244 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in NextNRG during the 2nd quarter worth approximately $33,000. 10.56% of the stock is owned by institutional investors and hedge funds.

About NextNRG

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NextNRG, Inc is an energy and mobility company focused on providing fueling and electric-vehicle charging solutions. Its services are designed to help consumers, businesses and commercial fleets access energy more conveniently through mobile fuel delivery and charging infrastructure.

The company’s business includes mobile gasoline and diesel delivery, as well as the development and operation of electric-vehicle charging capabilities. Its platform is intended to support fleet operators and other customers seeking alternatives to conventional, fixed-location fueling.

NextNRG was previously known as EZFill Holdings, Inc, a company associated with on-demand mobile fueling services.

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