ThinkEquity Upgrades NextNRG (NASDAQ:NXXT) to "Strong-Buy"

NextNRG (NASDAQ:NXXT - Get Free Report) was upgraded by stock analysts at ThinkEquity to a "strong-buy" rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a $6.00 target price on the stock. ThinkEquity's price objective would suggest a potential upside of 123.05% from the stock's previous close.

NextNRG Stock Down 2.5%

Shares of NextNRG stock traded down $0.07 on Monday, hitting $2.69. The company's stock had a trading volume of 91,233 shares, compared to its average volume of 81,846. The stock has a market cap of $318.77 million, a P/E ratio of -0.40 and a beta of -0.59. NextNRG has a 52-week low of $2.19 and a 52-week high of $6.85. The business has a fifty day moving average of $3.12. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.07.

NextNRG (NASDAQ:NXXT - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($1.60) earnings per share for the quarter. The firm had revenue of $16.27 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in NextNRG during the 1st quarter worth approximately $96,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of NextNRG during the first quarter worth approximately $84,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of NextNRG in the first quarter worth $110,000. Institutional investors and hedge funds own 10.56% of the company's stock.

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.