NexGel (NASDAQ:NXGL) Shares Up 2% – Should You Buy?

NexGel, Inc. (NASDAQ:NXGL) shares rose 2% during trading on Monday . The company traded as high as $0.4343 and last traded at $0.4232. Approximately 15,803 shares were traded during mid-day trading, a decline of 80% from the average session volume of 80,528 shares. The stock had previously closed at $0.4151.

Wall Street Analyst Weigh In

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

NexGel Stock Performance

The company has a fifty day moving average price of $0.52 and a two-hundred day moving average price of $0.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.02. The company has a market capitalization of $3.79 million, a P/E ratio of -1.03 and a beta of 0.78.

NexGel (NASDAQ:NXGL) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). NexGel had a negative net margin of 28.54% and a negative return on equity of 64.29%. The business had revenue of $2.65 million during the quarter, compared to the consensus estimate of $3.91 million.

Hedge Funds Weigh In On NexGel

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP bought a new stake in shares of NexGel in the third quarter worth $26,000. Citadel Advisors LLC acquired a new stake in NexGel in the third quarter valued at $67,000. Jane Street Group LLC bought a new position in NexGel during the 4th quarter worth $47,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in NexGel during the 4th quarter worth about $52,000. Finally, Susquehanna International Group LLP acquired a new position in NexGel during the 3rd quarter worth about $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).