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

NexGel (NASDAQ:NXGL) had its target price decreased by Maxim Group from $6.00 to $2.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s price objective suggests a potential upside of 110.53% from the company’s current price.

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

NexGel Price Performance

NASDAQ NXGL traded up $0.13 during trading hours on Thursday, reaching $0.95. The company’s stock had a trading volume of 583,945 shares, compared to its average volume of 209,302. 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 company’s 50-day moving average is $1.39 and its two-hundred day moving average is $1.89. NexGel has a fifty-two week low of $0.70 and a fifty-two week high of $3.25. The stock has a market cap of $7.73 million, a PE ratio of -2.57 and a beta of 0.62.

Institutional Trading of NexGel

A number of large investors have recently made changes to their positions in the stock. Board of Trustees of The Leland Stanford Junior University acquired a new position in NexGel during the fourth quarter worth approximately $52,000. Flaharty Asset Management LLC purchased a new stake in shares of NexGel during the 3rd quarter valued at $59,000. Jane Street Group LLC purchased a new stake in shares of NexGel during the 4th quarter valued at $47,000. Susquehanna International Group LLP acquired a new stake in shares of NexGel during the 3rd quarter worth $106,000. Finally, Citadel Advisors LLC acquired a new stake in shares of NexGel during the 3rd quarter worth $67,000. Institutional investors and hedge funds 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).