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

NexGel (NASDAQ:NXGL) released its quarterly earnings data on Thursday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04), FiscalAI reports. The firm had revenue of $2.65 million for the quarter, compared to the consensus estimate of $3.91 million. NexGel had a negative net margin of 26.27% and a negative return on equity of 56.90%.

NexGel Stock Down 5.9%

Shares of NASDAQ:NXGL traded down $0.03 during mid-day trading on Friday, hitting $0.51. 130,099 shares of the company traded hands, compared to its average volume of 268,448. The stock has a market cap of $4.51 million, a P/E 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. NexGel has a 12-month low of $0.48 and a 12-month high of $2.89. The stock has a 50-day moving average price of $0.70 and a two-hundred day moving average price of $1.32.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NXGL. Dimensional Fund Advisors LP purchased a new position in shares of NexGel during the third quarter valued at approximately $26,000. Jane Street Group LLC purchased a new position in shares of NexGel during the fourth quarter valued at approximately $47,000. Citadel Advisors LLC purchased a new position in shares of NexGel during the third quarter valued at approximately $67,000. Finally, Susquehanna International Group LLP purchased a new position in shares of NexGel during the third quarter valued at approximately $106,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Maxim Group decreased their price objective on NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of NexGel in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NexGel presently 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).