NexGel (NASDAQ:NXGL) Issues Earnings Results

NexGel (NASDAQ:NXGL) posted its earnings results on Monday. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.28), FiscalAI reports. The company had revenue of $3.69 million for the quarter, compared to the consensus estimate of $4.32 million. NexGel had a negative return on equity of 64.29% and a negative net margin of 28.54%.

NexGel Stock Performance

NASDAQ:NXGL opened at $0.38 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.70. NexGel has a fifty-two week low of $0.30 and a fifty-two week high of $2.89. The company has a 50 day simple moving average of $0.49 and a two-hundred day simple moving average of $0.71. The company has a market capitalization of $3.47 million, a PE ratio of -0.94 and a beta of 0.78.

Institutional Investors Weigh In On NexGel

A number of institutional investors have recently modified their holdings of NXGL. Dimensional Fund Advisors LP bought a new position in NexGel during the third quarter worth $26,000. Jane Street Group LLC acquired a new position in NexGel in the fourth quarter valued at $47,000. Citadel Advisors LLC acquired a new position in NexGel in the third quarter valued at $67,000. Finally, Susquehanna International Group LLP bought a new stake in NexGel during the third quarter valued at $106,000. 2.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NexGel in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.00.

NexGel Company Profile

NexGel, Inc (NASDAQ: NXGL) is a development-stage materials science company focused on the research and commercialization of advanced polymer formulations tailored for additive manufacturing and 3D printing applications. Leveraging proprietary expertise in polymer chemistry, NexGel develops high-performance materials designed to meet rigorous mechanical, thermal, and chemical resistance requirements across diverse end markets.

The company’s product pipeline includes custom-engineered resins, powders and elastomeric systems optimized for a range of additive manufacturing processes, including selective laser sintering (SLS), stereolithography (SLA) and fused deposition modeling (FDM).