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

NexGel (NASDAQ:NXGL) posted its quarterly 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. The business had revenue of $3.69 million during the quarter, compared to analyst estimates of $4.32 million. NexGel had a negative return on equity of 64.29% and a negative net margin of 28.54%.

NexGel Stock Performance

NexGel stock opened at $0.38 on Tuesday. The firm has a market capitalization of $3.47 million, a P/E ratio of -0.94 and a beta of 0.78. The stock has a fifty day moving average price of $0.49 and a two-hundred day moving average price of $0.71. NexGel has a 52-week low of $0.30 and a 52-week high of $2.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.02.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NexGel in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.00.

Institutional Investors Weigh In On NexGel

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new position in shares of NexGel during the third quarter worth approximately $26,000. Jane Street Group LLC bought a new position in NexGel in the 4th quarter valued at $47,000. Citadel Advisors LLC bought a new stake in shares of NexGel during the third quarter worth $67,000. Finally, Susquehanna International Group LLP acquired a new position in shares of NexGel during the third quarter valued at $106,000. Institutional investors 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).