NexGel (NASDAQ:NXGL – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04), FiscalAI reports. The firm had revenue of $2.65 million for the quarter, compared to the consensus estimate of $3.91 million. NexGel had a negative net margin of 26.27% and a negative return on equity of 56.90%.
NexGel Trading Up 1.7%
Shares of NASDAQ:NXGL traded up $0.01 on Thursday, hitting $0.54. The company had a trading volume of 123,240 shares, compared to its average volume of 352,560. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. NexGel has a 1 year low of $0.53 and a 1 year high of $2.89. The firm’s 50-day simple moving average is $0.70 and its two-hundred day simple moving average is $1.32. The firm has a market capitalization of $4.80 million, a price-to-earnings ratio of -1.43 and a beta of 0.74.
Hedge Funds Weigh In On NexGel
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new position in NexGel during the 3rd quarter valued at about $106,000. Jane Street Group LLC bought a new stake in shares of NexGel in the 4th quarter worth $47,000. Citadel Advisors LLC purchased a new position in NexGel in the 3rd quarter worth about $67,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of NexGel in the 3rd quarter worth $26,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.
Wall Street Analysts Forecast Growth
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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).
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