NexGel (NASDAQ:NXGL) Lowered to “Hold” Rating by Maxim Group

NexGel (NASDAQ:NXGL – Get Free Report) was downgraded by stock analysts at Maxim Group from a “buy” rating to a “hold” rating in a research report issued on Monday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NexGel in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $2.00.

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NexGel Price Performance

Shares of NASDAQ NXGL opened at $0.33 on Monday. NexGel has a 1 year low of $0.30 and a 1 year high of $2.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.43 and a quick ratio of 0.27. The company’s 50-day moving average is $0.47 and its 200 day moving average is $0.68. The stock has a market capitalization of $3.22 million, a P/E ratio of -0.46 and a beta of 0.78.

NexGel (NASDAQ:NXGL – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.28). NexGel had a negative return on equity of 121.18% and a negative net margin of 51.26%.The company had revenue of $3.69 million during the quarter, compared to the consensus estimate of $4.32 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Empery Asset Management LP purchased a new position in NexGel during the 2nd quarter valued at about $3,474,000. Susquehanna International Group LLP bought a new stake in NexGel during the third quarter worth about $106,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in NexGel during the fourth quarter worth about $52,000. Jane Street Group LLC purchased a new stake in NexGel in the fourth quarter worth about $47,000. Finally, Citadel Advisors LLC purchased a new stake in NexGel in the third quarter worth about $67,000. 2.21% of the stock is currently owned by institutional investors.

About NexGel

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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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