NextNRG (NASDAQ:NXXT) Earns Buy Rating from Analysts at HC Wainwright

Key Points

• Analysts at HC Wainwright have initiated coverage of NextNRG (NASDAQ:NXXT) with a "buy" rating and set a price target of $5.00, indicating a potential upside of 174.73% from its current price.
• Separate research by ThinkEquity has upgraded NextNRG to a "strong-buy" rating with a target price of $6.00, contributing to an average rating of "Strong Buy" and an average price target of $5.50 for the stock.
• NextNRG's shares have seen an increase of 4.6% on recent trading, with the stock currently priced at $1.82 and a market capitalization of $226.04 million.

HC Wainwright assumed coverage on shares of NextNRG (NASDAQ:NXXT - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $5.00 target price on the stock. HC Wainwright also issued estimates for NextNRG's Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.05) EPS, FY2025 earnings at ($0.49) EPS, FY2026 earnings at ($0.16) EPS, FY2027 earnings at ($0.13) EPS, FY2028 earnings at ($0.11) EPS and FY2029 earnings at ($0.04) EPS.

Separately, ThinkEquity upgraded NextNRG to a "strong-buy" rating and set a $6.00 price target on the stock in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, NextNRG currently has a consensus rating of "Buy" and an average target price of $5.50.

NextNRG Stock Performance

Shares of NXXT traded down $0.05 during mid-day trading on Tuesday, hitting $1.54. The company's stock had a trading volume of 71,210 shares, compared to its average volume of 106,746. The stock's 50-day moving average is $1.76 and its two-hundred day moving average is $2.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.21 and a current ratio of 0.22. The firm has a market capitalization of $191.27 million, a PE ratio of -0.23 and a beta of -0.60. NextNRG has a one year low of $0.93 and a one year high of $4.37.

NextNRG (NASDAQ:NXXT - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.30) EPS for the quarter. The company had revenue of $19.69 million during the quarter.

Institutional Trading of NextNRG

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of NextNRG by 2,274.3% in the second quarter. Geode Capital Management LLC now owns 314,454 shares of the company's stock worth $871,000 after purchasing an additional 301,210 shares during the last quarter. New York State Common Retirement Fund bought a new stake in NextNRG during the second quarter valued at $103,000. Y Intercept Hong Kong Ltd purchased a new stake in NextNRG during the first quarter valued at about $110,000. Goldman Sachs Group Inc. purchased a new stake in NextNRG during the first quarter valued at about $96,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of NextNRG in the first quarter worth about $84,000. 10.56% of the stock is owned by hedge funds and other institutional investors.

NextNRG Company Profile

NextNRG, Inc engages in the provision of fuel delivery services. It provides app-based interface customers with the ability to select the time and location of their fueling. It offers diesel, red diesel, and REC-90. The company was founded by Yehuda Levy and Michael D. Farkas on March 28, 2019 and is headquartered in Miami, FL.