Daniel Ronald Arbour Sells 6,751 Shares of NextNRG (NASDAQ:NXXT) Stock

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

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 value 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 value of $36,537.21.
• On Friday, December 5th, Daniel Ronald Arbour sold 23,859 shares of NextNRG stock. The stock was 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 Stock Down 1.4%

NASDAQ NXXT traded down $0.02 during trading hours on Tuesday, reaching $1.42. 1,768,978 shares of the company were exchanged, compared to its average volume of 718,943. The stock has a market capitalization of $190.86 million, a P/E ratio of -0.70 and a beta of -0.53. NextNRG Inc. has a 1 year low of $0.93 and a 1 year high of $4.34. The business’s 50 day simple moving average is $1.56 and its 200-day simple moving average is $1.83.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NXXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in NextNRG during the 2nd quarter valued at about $26,000. Intech Investment Management LLC purchased a new stake in shares of NextNRG in the second quarter worth about $29,000. JPMorgan Chase & Co. bought a new position in shares of NextNRG in the second quarter valued at approximately $33,000. Veracity Capital LLC bought a new position in shares of NextNRG in the second quarter valued at approximately $34,000. Finally, Millennium Management LLC purchased a new position in NextNRG during the third quarter valued at approximately $66,000. Institutional investors own 10.56% of the company’s stock.

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.