NexGel (NASDAQ:NXGL) Stock: Insider Steven Mark Glassman Purchases 4,546 Shares

NexGel, Inc. (NASDAQ:NXGL) Director Steven Mark Glassman purchased 4,546 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was purchased at an average price of $5.50 per share, with a total value of $25,003.00. Following the completion of the purchase, the director directly owned 12,379 shares of the company’s stock, valued at approximately $68,084.50. This represents a 58.04% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

NexGel Stock Up 2.4%

NexGel stock traded up $0.09 during midday trading on Friday, hitting $3.88. The stock had a trading volume of 13,639 shares, compared to its average volume of 41,562. The company has a current ratio of 0.43, a quick ratio of 0.27 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.89 million, a P/E ratio of -0.27 and a beta of 0.81. NexGel, Inc. has a 12 month low of $3.00 and a 12 month high of $41.20. The business has a fifty day moving average price of $4.51 and a 200 day moving average price of $11.31.

NexGel (NASDAQ:NXGL) last announced its quarterly earnings data on Friday, August 14th. The company reported ($8.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.40) by ($5.60). The firm had revenue of $3.69 million for the quarter, compared to analyst estimates of $4.32 million. NexGel had a negative net margin of 51.26% and a negative return on equity of 121.18%. Research analysts predict that NexGel, Inc. will post -18.80 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on NXGL. Weiss Ratings restated a “sell (e+)” rating on shares of NexGel in a research note on Friday, October 9th. Zacks Research raised shares of NexGel to a “hold” rating in a report on Friday, October 2nd. Finally, Maxim Group cut shares of NexGel from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $40.00.

Institutional Investors Weigh In On NexGel

A hedge fund recently bought a new stake in NexGel stock. Empery Asset Management LP bought a new stake in NexGel, Inc. (NASDAQ:NXGL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 90,000 shares of the company’s stock, valued at approximately $3,474,000. Empery Asset Management LP owned about 0.98% of NexGel as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 2.21% of the company’s stock.

NexGel Company Profile

NexGel, Inc. (NASDAQ:NXGL) develops and manufactures high-water-content hydrogel products for medical, consumer and other specialized applications. The company uses proprietary formulations and electron-beam processing to produce flexible, skin-compatible products designed to retain moisture and provide cooling, cushioning or conductive properties. Its product applications include wound care, burn and surgical care, pain management, medical diagnostics and personal wellness. NexGel supplies hydrogel sheets, patches and related components used in products such as wound dressings, therapeutic pads and medical electrodes.