NexGel (NASDAQ:NXGL) Shares Up 5% – What’s Next?

Shares of NexGel, Inc. (NASDAQ:NXGL) shot up 5% on Friday . The stock traded as high as $1.33 and last traded at $1.27. 14,681 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 39,296 shares. The stock had previously closed at $1.21.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGel in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, NexGel presently has an average rating of “Sell”.

NexGel Stock Up 5.0%

The company has a quick ratio of 1.08, a current ratio of 1.69 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $1.59 and its 200 day simple moving average is $2.09. The firm has a market cap of $10.34 million, a P/E ratio of -3.43 and a beta of 0.59.

NexGel (NASDAQ:NXGL) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). NexGel had a negative return on equity of 47.35% and a negative net margin of 24.69%.The firm had revenue of $2.93 million during the quarter, compared to analyst estimates of $3.16 million.

Institutional Trading of NexGel

Large investors have recently modified their holdings of the stock. Evernest Financial Advisors LLC lifted its position in shares of NexGel by 25.1% during the 2nd quarter. Evernest Financial Advisors LLC now owns 281,000 shares of the company’s stock valued at $725,000 after acquiring an additional 56,334 shares during the period. Susquehanna International Group LLP bought a new stake in NexGel in the third quarter valued at $106,000. Citadel Advisors LLC bought a new position in shares of NexGel during the 3rd quarter worth about $67,000. Flaharty Asset Management LLC bought a new position in shares of NexGel during the 3rd quarter worth about $59,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of NexGel in the 3rd quarter valued at about $26,000. Institutional investors and hedge funds own 2.21% of the company’s stock.

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).