Key Points
- Director Steven Mark Glassman bought 4,546 NexGel shares at $5.50 apiece, spending $25,003 and increasing his holdings by 58% to 12,379 shares.
- NexGel reported a quarterly loss of $8.00 per share, missing estimates of a $2.40 loss, while revenue of $3.69 million also fell short of expectations.
- Analyst sentiment was mostly cautious, with two Hold ratings and one Sell rating; the stock traded at $3.88, well below its 50-day and 200-day moving averages.
NexGel, Inc. (NASDAQ:NXGL - Get Free Report) Director Steven Mark Glassman purchased 4,546 shares of the company's stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of $5.50 per share, with a total value of $25,003.00. Following the completion of the purchase, the director owned 12,379 shares of the company's stock, valued at $68,084.50. The trade was a 58.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
NexGel Trading Up 2.4%
NASDAQ NXGL traded up $0.09 during trading hours on Friday, hitting $3.88. The company's stock had a trading volume of 13,639 shares, compared to its average volume of 41,562. The stock has a fifty day moving average of $4.51 and a 200 day moving average of $11.31. NexGel, Inc. has a twelve month low of $3.00 and a twelve month high of $41.20. The firm has a market capitalization of $1.89 million, a P/E ratio of -0.27 and a beta of 0.81. The company has a quick ratio of 0.27, a current ratio of 0.43 and a debt-to-equity ratio of 0.68.
NexGel (NASDAQ:NXGL - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($8.00) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.40) by ($5.60). NexGel had a negative net margin of 51.26% and a negative return on equity of 121.18%. The business had revenue of $3.69 million during the quarter, compared to the consensus estimate of $4.32 million. Equities research analysts forecast that NexGel, Inc. will post -18.80 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on NXGL. Maxim Group downgraded NexGel from a "buy" rating to a "hold" rating in a research note on Monday, August 24th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of NexGel in a research note on Friday, October 9th. Finally, Zacks Research raised NexGel to a "hold" rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average price target of $40.00.
Check Out Our Latest Stock Report on NXGL
Institutional Trading of NexGel
An institutional investor recently bought a new position in NexGel stock. Empery Asset Management LP purchased a new stake in NexGel, Inc. (NASDAQ:NXGL - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 90,000 shares of the company's stock, valued at approximately $3,474,000. Empery Asset Management LP owned 0.98% of NexGel at the end of the most recent reporting period. 2.21% of the stock is currently owned by institutional investors.
NexGel Company Profile
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Get Free Report)
NexGel, Inc. (NASDAQ:NXGL) develops and manufactures high-water-content hydrogel products for medical, consumer and other specialized applications. The company uses proprietary formulations and electron-beam processing to produce flexible, skin-compatible products designed to retain moisture and provide cooling, cushioning or conductive properties. Its product applications include wound care, burn and surgical care, pain management, medical diagnostics and personal wellness. NexGel supplies hydrogel sheets, patches and related components used in products such as wound dressings, therapeutic pads and medical electrodes.
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