NexGel (NASDAQ:NXGL) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

NexGel (NASDAQ:NXGL) issued its quarterly earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03), FiscalAI reports. The firm had revenue of $2.80 million for the quarter, compared to analyst estimates of $3.24 million. NexGel had a negative return on equity of 47.35% and a negative net margin of 24.69%.

NexGel Stock Performance

NXGL traded up $0.03 during midday trading on Tuesday, hitting $0.63. 62,955 shares of the company were exchanged, compared to its average volume of 720,211. The company’s 50 day simple moving average is $1.12 and its 200 day simple moving average is $1.73. The firm has a market capitalization of $5.15 million, a price-to-earnings ratio of -1.71 and a beta of 0.62. NexGel has a 1-year low of $0.58 and a 1-year high of $3.02. The company has a current ratio of 1.69, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGel in a report on Thursday, January 22nd. Maxim Group reduced their price target on shares of NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP acquired a new position in NexGel in the third quarter valued at approximately $26,000. Jane Street Group LLC acquired a new stake in shares of NexGel during the 4th quarter worth approximately $47,000. Citadel Advisors LLC purchased a new position in shares of NexGel during the 3rd quarter valued at approximately $67,000. Finally, Susquehanna International Group LLP purchased a new position in shares of NexGel during the 3rd quarter valued at approximately $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).