Maxim Group Cuts NexGel (NASDAQ:NXGL) Price Target to $2.00

NexGel (NASDAQ:NXGL) had its price objective cut by Maxim Group from $6.00 to $2.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NexGel in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $2.00.

NexGel Stock Performance

NexGel stock opened at $0.83 on Thursday. NexGel has a fifty-two week low of $0.70 and a fifty-two week high of $3.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.69. The stock has a market cap of $6.76 million, a P/E ratio of -2.25 and a beta of 0.62. The firm’s fifty day moving average price is $1.36 and its 200-day moving average price is $1.87.

Institutional Investors Weigh In On NexGel

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP purchased a new stake in NexGel during the third quarter valued at about $26,000. Jane Street Group LLC purchased a new position in shares of NexGel in the fourth quarter worth about $47,000. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of NexGel in the fourth quarter worth about $52,000. Flaharty Asset Management LLC bought a new stake in shares of NexGel in the 3rd quarter valued at about $59,000. Finally, Citadel Advisors LLC bought a new stake in shares of NexGel in the 3rd quarter valued at about $67,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

NexGel Company Profile

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).