Equities researchers at ThinkEquity assumed coverage on shares of NextNRG (NASDAQ:NXXT - Get Free Report) in a research note issued on Monday,Benzinga reports. The brokerage set a "buy" rating and a $6.00 price target on the stock. ThinkEquity's price target would suggest a potential upside of 100.67% from the stock's previous close.
NextNRG Stock Performance
Shares of NASDAQ:NXXT remained flat at $2.99 on Monday. 53,255 shares of the company's stock were exchanged, compared to its average volume of 65,481. The business's 50-day moving average is $3.13. NextNRG has a 1-year low of $2.19 and a 1-year high of $6.85. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.07. The firm has a market cap of $354.32 million, a P/E ratio of -0.45 and a beta of -0.59.
NextNRG (NASDAQ:NXXT - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($1.60) EPS for the quarter. The firm had revenue of $16.27 million during the quarter.
Hedge Funds Weigh In On NextNRG
Institutional investors and hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in NextNRG in the 1st quarter worth approximately $110,000. OMERS ADMINISTRATION Corp acquired a new position in NextNRG during the 1st quarter valued at approximately $84,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of NextNRG in the first quarter worth $96,000. 10.56% of the stock is owned by hedge funds and other institutional investors.
NextNRG Company Profile
(
Get Free Report)
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.
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