NexGel (NASDAQ:NXGL) Shares Up 2% – Here’s What Happened

NexGel, Inc. (NASDAQ:NXGL)’s share price was up 2% on Monday . The company traded as high as $0.4343 and last traded at $0.4232. 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.

Analyst Ratings Changes

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

NexGel Stock Up 2.0%

The company has a current ratio of 1.70, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.91 million, a PE ratio of -1.06 and a beta of 0.78. The business’s 50-day simple moving average is $0.52 and its 200-day simple moving average is $0.79.

NexGel (NASDAQ:NXGL) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.91 million.

Institutional Investors Weigh In On NexGel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXGL. Dimensional Fund Advisors LP purchased a new position in shares of NexGel during the 3rd quarter valued at about $26,000. Jane Street Group LLC purchased a new position in NexGel during the fourth quarter valued at approximately $47,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in NexGel in the fourth quarter valued at approximately $52,000. Citadel Advisors LLC acquired a new position in NexGel in the third quarter valued at approximately $67,000. Finally, Susquehanna International Group LLP purchased a new stake in NexGel in the 3rd quarter worth approximately $106,000. 2.21% of the stock is owned by institutional investors and hedge funds.

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).