NexGel (NASDAQ:NXGL) Stock Rating Lowered by Maxim Group

NexGel (NASDAQ:NXGL) was downgraded by Maxim Group from a “buy” rating to a “hold” rating in a report released on Monday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NexGel in a research report 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 data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $2.00.

NexGel Price Performance

NXGL opened at $0.33 on Monday. The company has a market cap of $3.22 million, a P/E ratio of -0.46 and a beta of 0.78. The business’s 50-day moving average price is $0.47 and its 200-day moving average price is $0.68. The company has a current ratio of 0.43, a quick ratio of 0.27 and a debt-to-equity ratio of 0.68. NexGel has a 12 month low of $0.30 and a 12 month high of $2.89.

NexGel (NASDAQ:NXGL) last issued its earnings results on Friday, August 14th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $3.69 million for the quarter, compared to analysts’ expectations of $4.32 million.

Institutional Trading of NexGel

A number of institutional investors have recently modified their holdings of NXGL. Dimensional Fund Advisors LP purchased a new stake in NexGel in the 3rd quarter worth approximately $26,000. Citadel Advisors LLC purchased a new position in shares of NexGel during the third quarter valued at approximately $67,000. Jane Street Group LLC bought a new position in shares of NexGel during the fourth quarter valued at approximately $47,000. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of NexGel during the fourth quarter valued at approximately $52,000. Finally, Susquehanna International Group LLP bought a new position in shares of NexGel during the third quarter valued at approximately $106,000. 2.21% of the stock is currently owned by hedge funds and other institutional investors.

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).