Short Interest in NextNRG Inc. (NASDAQ:NXXT) Expands By 19.1%
by Jessica Moore · The Cerbat GemNextNRG Inc. (NASDAQ:NXXT – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 6,302,171 shares, a growth of 19.1% from the March 31st total of 5,292,235 shares. Based on an average daily volume of 4,192,834 shares, the short-interest ratio is currently 1.5 days. Approximately 13.0% of the shares of the stock are sold short.
Institutional Investors Weigh In On NextNRG
A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in NextNRG during the 2nd quarter valued at $26,000. Intech Investment Management LLC acquired a new stake in NextNRG during the 2nd quarter valued at $29,000. JPMorgan Chase & Co. grew its holdings in NextNRG by 94.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock valued at $43,000 after buying an additional 11,261 shares during the last quarter. Wellington Management Group LLP grew its holdings in NextNRG by 36.1% during the 4th 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 during the last quarter. Finally, XTX Topco Ltd acquired a new stake in NextNRG during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 10.56% of the company’s stock.
NextNRG Price Performance
NASDAQ:NXXT traded up $0.01 during trading hours on Friday, reaching $0.38. 1,580,304 shares of the company traded hands, compared to its average volume of 3,872,163. The firm’s 50-day moving average is $0.46 and its 200-day moving average is $1.08. The stock has a market cap of $59.53 million, a P/E ratio of -0.17 and a beta of -0.32. NextNRG has a 1-year low of $0.32 and a 1-year high of $3.50.
NextNRG (NASDAQ:NXXT – Get Free Report) last announced its earnings results on Wednesday, April 15th. The company reported ($0.21) EPS for the quarter. The business had revenue of $23.01 million during the quarter. As a group, research analysts predict that NextNRG will post -0.32 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Wall Street Zen downgraded NextNRG from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded NextNRG from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NextNRG presently has a consensus rating of “Hold” and a consensus target price of $5.50.
View Our Latest Analysis on NextNRG
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.