NextNRG Shares Scheduled to Reverse Split on Monday, September 14th (NASDAQ:NXXT)

NextNRG Inc. (NASDAQ:NXXT) shares are scheduled to reverse split on Monday, September 14th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, September 13th.

NextNRG Price Performance

NXXT stock traded down $0.04 during midday trading on Thursday, hitting $0.15. The company’s stock had a trading volume of 5,979,022 shares, compared to its average volume of 2,503,379. NextNRG has a twelve month low of $0.15 and a twelve month high of $2.88. The company’s fifty day moving average price is $0.27 and its 200 day moving average price is $0.40. The stock has a market capitalization of $25.79 million, a P/E ratio of -0.35 and a beta of 0.04.

NextNRG (NASDAQ:NXXT) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $27.75 million for the quarter. Equities analysts expect that NextNRG will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on NXXT shares. Wall Street Zen upgraded NextNRG to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded NextNRG from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, September 1st. HC Wainwright cut their price objective on NextNRG to $1.50 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Zacks Research upgraded shares of NextNRG from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1.50.

Institutional Trading of NextNRG

A number of hedge funds have recently made changes to their positions in NXXT. Corient Private Wealth LLC acquired a new position in shares of NextNRG in the fourth quarter valued at $63,000. Wells Fargo & Company MN lifted its stake in shares of NextNRG by 193.7% during the 4th quarter. Wells Fargo & Company MN now owns 40,925 shares of the company’s stock worth $59,000 after buying an additional 26,991 shares during the last quarter. HRT Financial LP acquired a new stake in shares of NextNRG during the 4th quarter worth about $31,000. Deutsche Bank AG boosted its holdings in shares of NextNRG by 240.1% during the 4th quarter. Deutsche Bank AG now owns 45,813 shares of the company’s stock worth $66,000 after buying an additional 32,343 shares during the period. Finally, Millennium Management LLC acquired a new position in NextNRG in the 3rd quarter valued at about $66,000. 10.56% of the stock is owned by institutional investors and hedge funds.

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.