NexGel (NASDAQ:NXGL) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

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

NexGel Trading Up 4.2%

NXGL stock traded up $0.03 during midday trading on Tuesday, reaching $0.63. 62,955 shares of the company’s stock traded hands, compared to its average volume of 720,211. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.69 and a quick ratio of 1.08. NexGel has a fifty-two week low of $0.58 and a fifty-two week high of $3.02. The business has a 50-day moving average price of $1.12 and a two-hundred day moving average price of $1.73. The company has a market capitalization of $5.15 million, a P/E ratio of -1.71 and a beta of 0.62.

Hedge Funds Weigh In On NexGel

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXGL. Weiss Ratings restated a “sell (d-)” rating on shares of NexGel in a report on Thursday, January 22nd. Maxim Group lowered their price target on NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.00.

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).