NexGel (NASDAQ:NXGL) Posts Quarterly Earnings Results, Misses Expectations By $0.28 EPS

NexGel (NASDAQ:NXGL) released its earnings results on Monday. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.28), FiscalAI reports. The business had revenue of $3.69 million for the quarter, compared to analyst estimates of $4.32 million. NexGel had a negative return on equity of 64.29% and a negative net margin of 28.54%.

NexGel Trading Down 33.5%

Shares of NexGel stock opened at $0.38 on Tuesday. The stock has a market capitalization of $3.47 million, a PE ratio of -0.94 and a beta of 0.78. NexGel has a 52 week low of $0.30 and a 52 week high of $2.89. The stock has a 50 day moving average price of $0.49 and a two-hundred day moving average price of $0.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.70.

Hedge Funds Weigh In On NexGel

A number of large investors have recently modified their holdings of NXGL. Susquehanna International Group LLP acquired a new position in NexGel during the third quarter worth $106,000. Jane Street Group LLC acquired a new position in shares of NexGel during the fourth quarter valued at about $47,000. Citadel Advisors LLC acquired a new position in shares of NexGel during the third quarter valued at about $67,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of NexGel during the third quarter worth about $26,000. 2.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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).