NexGel (NASDAQ:NXGL) Announces Earnings Results

NexGel (NASDAQ:NXGL) posted its earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03), FiscalAI reports. The firm had revenue of $2.80 million during the quarter, compared to the consensus estimate of $3.24 million. NexGel had a negative return on equity of 47.35% and a negative net margin of 24.69%.

NexGel Stock Up 4.2%

NXGL stock opened at $0.63 on Wednesday. The firm’s 50-day moving average is $1.12 and its two-hundred day moving average is $1.73. The company has a market capitalization of $5.15 million, a price-to-earnings ratio of -1.71 and a beta of 0.62. NexGel has a 52 week low of $0.58 and a 52 week high of $3.02. The company has a current ratio of 1.69, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

A number of brokerages recently issued reports on NXGL. Maxim Group decreased their price objective on NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGel in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new stake in NexGel in the third quarter worth approximately $26,000. Citadel Advisors LLC acquired a new position in shares of NexGel during the 3rd quarter valued at $67,000. Susquehanna International Group LLP bought a new stake in shares of NexGel in the 3rd quarter worth $106,000. Finally, Jane Street Group LLC bought a new stake in shares of NexGel in the 4th quarter worth $47,000. Institutional investors and hedge funds own 2.21% of the company’s stock.

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).