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

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

NexGel Price Performance

NASDAQ:NXGL opened at $0.62 on Thursday. NexGel has a 52 week low of $0.58 and a 52 week high of $3.02. The firm has a market cap of $5.09 million, a price-to-earnings ratio of -1.64 and a beta of 0.86. The firm’s 50-day simple moving average is $1.11 and its 200 day simple moving average is $1.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.69.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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