NextNRG (NASDAQ:NXXT) Upgraded at Wall Street Zen

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

A number of other research analysts also recently issued reports on the stock. HC Wainwright reduced their price objective on shares of NextNRG to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Zacks Research upgraded shares of NextNRG from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings upgraded shares of NextNRG from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NextNRG currently has an average rating of “Hold” and a consensus price target of $15.00.

NextNRG Stock Performance

Shares of NXXT stock opened at $0.90 on Friday. The firm has a market cap of $15.19 million, a P/E ratio of -0.21 and a beta of 0.04. NextNRG has a fifty-two week low of $0.82 and a fifty-two week high of $28.80. The business’s 50 day moving average price is $2.40 and its 200-day moving average price is $3.79.

Institutional Trading of NextNRG

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in NextNRG in the second quarter worth $33,000. Susquehanna International Group LLP raised its position in shares of NextNRG by 872.9% in the 2nd quarter. Susquehanna International Group LLP now owns 140,706 shares of the company’s stock worth $49,000 after purchasing an additional 126,244 shares during the last quarter. Finally, Themes Management Co LLC purchased a new position in shares of NextNRG in the 1st quarter worth about $100,000. Hedge funds and other institutional investors own 10.56% of the company’s stock.

NextNRG Company Profile

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.