NexGel (NASDAQ:NXGL) Trading 0.6% Higher – Still a Buy?

NexGel, Inc. (NASDAQ:NXGL) rose 0.6% during mid-day trading on Thursday . The stock traded as high as $1.75 and last traded at $1.74. Approximately 26,945 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 40,920 shares. The stock had previously closed at $1.73.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGel in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NexGel currently has an average rating of “Sell”.

NexGel Stock Up 0.6%

The company’s 50 day moving average is $1.72 and its 200 day moving average is $2.22. The company has a market cap of $14.16 million, a PE ratio of -4.70 and a beta of 0.60. The company has a current ratio of 1.69, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14.

NexGel (NASDAQ:NXGL) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $2.93 million during the quarter, compared to analysts’ expectations of $3.16 million. NexGel had a negative net margin of 24.69% and a negative return on equity of 47.35%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new stake in NexGel during the 3rd quarter valued at $26,000. Malaga Cove Capital LLC purchased a new position in shares of NexGel during the second quarter valued at $27,000. Flaharty Asset Management LLC bought a new stake in shares of NexGel in the third quarter valued at about $59,000. Citadel Advisors LLC bought a new stake in shares of NexGel in the third quarter valued at about $67,000. Finally, Susquehanna International Group LLP purchased a new stake in NexGel in the third quarter worth about $106,000. 2.21% of the stock is currently owned by hedge funds and other institutional investors.

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).