NexGel (NASDAQ:NXGL) Releases Earnings Results, Misses Estimates By $0.28 EPS

NexGel (NASDAQ:NXGL) announced its earnings results on Monday. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.28), FiscalAI reports. NexGel had a negative net margin of 28.54% and a negative return on equity of 64.29%. The company had revenue of $3.69 million for the quarter, compared to analysts’ expectations of $4.32 million.

NexGel Trading Down 33.5%

Shares of NXGL stock opened at $0.38 on Tuesday. The company’s fifty day simple moving average is $0.49 and its two-hundred day simple moving average is $0.71. NexGel has a 1 year low of $0.30 and a 1 year high of $2.89. The stock has a market capitalization of $3.47 million, a price-to-earnings ratio of -0.94 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.

Institutional Investors Weigh In On NexGel

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in NexGel in the 4th quarter worth approximately $47,000. Susquehanna International Group LLP purchased a new position in NexGel in the third quarter worth $106,000. Citadel Advisors LLC bought a new position in NexGel in the third quarter valued at $67,000. Finally, Dimensional Fund Advisors LP purchased a new stake in NexGel during the third quarter valued at about $26,000. 2.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NexGel in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NexGel currently 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).