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

NexGel (NASDAQ:NXGL) released its quarterly earnings data on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.65 million during the quarter, compared to analyst estimates of $3.91 million.

NexGel Stock Performance

Shares of NASDAQ:NXGL traded down $0.03 on Friday, reaching $0.51. 130,099 shares of the company’s stock were exchanged, compared to its average volume of 268,448. The company has a fifty day moving average of $0.70 and a 200-day moving average of $1.32. NexGel has a twelve month low of $0.48 and a twelve month high of $2.89. The company has a market capitalization of $4.51 million, a price-to-earnings ratio of -1.34 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new position in shares of NexGel during the 3rd quarter worth approximately $26,000. Citadel Advisors LLC acquired a new position in shares of NexGel during the 3rd quarter worth approximately $67,000. Jane Street Group LLC acquired a new stake in shares of NexGel during the 4th quarter worth approximately $47,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of NexGel during the 3rd quarter worth approximately $106,000. Institutional investors and hedge funds own 2.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NXGL shares. Maxim Group decreased their price target on shares of NexGel from $6.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGel in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.00.

NexGel Company Profile

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).