NexGel (NASDAQ:NXGL) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

NexGel (NASDAQ:NXGL) issued its earnings results on Thursday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04), FiscalAI reports. NexGel had a negative net margin of 26.27% and a negative return on equity of 56.90%. The firm had revenue of $2.65 million during the quarter, compared to analyst estimates of $3.91 million.

NexGel Stock Up 1.7%

Shares of NXGL traded up $0.01 on Thursday, reaching $0.54. The company’s stock had a trading volume of 123,240 shares, compared to its average volume of 352,560. The stock has a market capitalization of $4.80 million, a PE ratio of -1.43 and a beta of 0.74. The company has a current ratio of 1.47, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. NexGel has a twelve month low of $0.53 and a twelve month high of $2.89. The firm has a fifty day moving average of $0.70 and a 200-day moving average of $1.32.

Analyst Ratings Changes

Several brokerages have issued reports on NXGL. Maxim Group cut their price target on NexGel from $6.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGel in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NexGel currently has an average rating of “Hold” and a consensus price target of $2.00.

Institutional Trading of NexGel

Several institutional investors and hedge funds have recently modified their holdings of NXGL. Dimensional Fund Advisors LP purchased a new position in shares of NexGel during the third quarter valued at approximately $26,000. Citadel Advisors LLC bought a new position in NexGel during the 3rd quarter valued at $67,000. Jane Street Group LLC bought a new position in NexGel during the 4th quarter valued at $47,000. Finally, Susquehanna International Group LLP purchased a new position in NexGel during the 3rd quarter worth $106,000. 2.21% of the stock is 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).