NexGel (NASDAQ:NXGL) Cut to “Hold” at Maxim Group

Maxim Group cut shares of NexGel (NASDAQ:NXGL) from a buy rating to a hold rating in a research report report published on Monday, MarketBeat.com reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NexGel in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $2.00.

NexGel Stock Performance

Shares of NexGel stock opened at $0.36 on Monday. The company has a market capitalization of $3.47 million, a PE ratio of -0.50 and a beta of 0.78. The company has a 50-day simple moving average of $0.46 and a two-hundred day simple moving average of $0.66. NexGel has a one year low of $0.30 and a one year high of $2.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.27 and a current ratio of 0.43.

NexGel (NASDAQ:NXGL) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.28). NexGel had a negative net margin of 51.26% and a negative return on equity of 121.18%. The firm had revenue of $3.69 million during the quarter, compared to the consensus estimate of $4.32 million.

Institutional Investors Weigh In On NexGel

A number of large investors have recently modified their holdings of NXGL. Empery Asset Management LP purchased a new position in shares of NexGel in the 2nd quarter valued at approximately $3,474,000. Board of Trustees of The Leland Stanford Junior University purchased a new stake in NexGel during the 4th quarter worth approximately $52,000. Jane Street Group LLC acquired a new position in NexGel during the 4th quarter valued at approximately $47,000. Susquehanna International Group LLP acquired a new position in NexGel during the 3rd quarter valued at approximately $106,000. Finally, Citadel Advisors LLC purchased a new position in shares of NexGel in the third quarter worth $67,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

About NexGel

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).