NexGel (NASDAQ:NXGL) Shares Up 2% – Here’s What Happened

NexGel, Inc. (NASDAQ:NXGL) was up 2% during mid-day trading on Monday . The company traded as high as $0.4343 and last traded at $0.4232. 15,803 shares changed hands during trading, a decline of 80% from the average daily volume of 80,528 shares. The stock had previously closed at $0.4151.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NexGel in a research report on Monday, July 13th. 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, the stock has a consensus rating of “Hold” and a consensus price target of $2.00.

NexGel Trading Up 2.0%

The company’s fifty day simple moving average is $0.52 and its 200-day simple moving average is $0.79. The firm has a market capitalization of $3.91 million, a PE ratio of -1.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.02.

NexGel (NASDAQ:NXGL) last released its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $2.65 million for the quarter, compared to analysts’ expectations of $3.91 million. NexGel had a negative return on equity of 64.29% and a negative net margin of 28.54%.

Institutional Investors Weigh In On NexGel

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

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).