NexGel (NASDAQ:NXGL) Trading 0.6% Higher – Here’s Why

NexGel, Inc. (NASDAQ:NXGL) was up 0.6% during trading on Thursday . The company traded as high as $1.75 and last traded at $1.74. Approximately 26,945 shares were traded during trading, a decline of 34% from the average daily volume of 40,920 shares. The stock had previously closed at $1.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGel in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NexGel has a consensus rating of “Sell”.

NexGel Stock Up 0.6%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.69. The stock has a market capitalization of $14.16 million, a PE ratio of -4.70 and a beta of 0.60. The business has a 50 day moving average of $1.72 and a two-hundred day moving average of $2.22.

NexGel (NASDAQ:NXGL) last posted its earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $2.93 million for the quarter, compared to analyst estimates of $3.16 million. NexGel had a negative return on equity of 47.35% and a negative net margin of 24.69%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NXGL. Evernest Financial Advisors LLC boosted its stake in NexGel by 25.1% in the second quarter. Evernest Financial Advisors LLC now owns 281,000 shares of the company’s stock valued at $725,000 after acquiring an additional 56,334 shares in the last quarter. Malaga Cove Capital LLC purchased a new position in NexGel in the second quarter worth $27,000. Flaharty Asset Management LLC purchased a new position in NexGel in the third quarter worth $59,000. Dimensional Fund Advisors LP acquired a new position in shares of NexGel during the third quarter worth $26,000. Finally, Citadel Advisors LLC purchased a new stake in shares of NexGel during the 3rd quarter valued at $67,000. 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).