Nexgel Inc (NXGL) Shares Down Despite Recent Market Volatility

Nexgel Inc (NASDAQ: NXGL)’s stock price has dropped by -10.00 in relation to previous closing price of 3.50. Nevertheless, the company has seen a gain of 12.10% in its stock price over the last five trading days. globenewswire.com reported 2024-11-11 that LANGHORNE, Pa., Nov. 11, 2024 (GLOBE NEWSWIRE) — NEXGEL, Inc. (“NEXGEL” or the “Company”) (NASDAQ: NXGL), a leading provider of medical and over-the-counter (OTC) products including ultra-gentle, high-water-content hydrogels for healthcare and consumer applications, today announced it has entered into definitive agreements for the issuance and sale of an aggregate of 727,272 of its shares of common stock and the issuance of warrants to purchase up to an aggregate of 363,636 shares of common stock for a combined offering purchase price of $2.75 per share of common stock in a registered direct offering. The warrants will have an exercise price of $4.25 per share and be exercisable immediately upon issuance and have a term of five years from the date of issuance.

Is It Worth Investing in Nexgel Inc (NASDAQ: NXGL) Right Now?

Moreover, the 36-month beta value for NXGL is 0.82. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for NXGL is 4.91M and currently, short sellers hold a 0.52% of that float. On November 13, 2024, NXGL’s average trading volume was 51.24K shares.

NXGL’s Market Performance

NXGL stock saw an increase of 12.10% in the past week, with a monthly gain of 3.62% and a quarterly increase of 10.53%. The volatility ratio for the week is 11.39%, and the volatility levels for the last 30 days are 8.28% for Nexgel Inc (NXGL). The simple moving average for the past 20 days is 5.51% for NXGL’s stock, with a 26.57% simple moving average for the past 200 days.

NXGL Trading at 13.06% from the 50-Day Moving Average

After a stumble in the market that brought NXGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.27% of loss for the given period.

Volatility was left at 8.28%, however, over the last 30 days, the volatility rate increased by 11.39%, as shares surge +10.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.10% upper at present.

During the last 5 trading sessions, NXGL rose by +12.10%, which changed the moving average for the period of 200-days by +34.04% in comparison to the 20-day moving average, which settled at $2.99. In addition, Nexgel Inc saw 47.89% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NXGL starting from Stein John Nachum, who purchase 10,000 shares at the price of $2.50 back on Aug 23 ’24. After this action, Stein John Nachum now owns 471,820 shares of Nexgel Inc, valued at $25,000 using the latest closing price.

glassman steven mark, the Director of Nexgel Inc, purchase 10,000 shares at $2.50 during a trade that took place back on Aug 23 ’24, which means that glassman steven mark is holding 145,025 shares at $25,000 based on the most recent closing price.

Stock Fundamentals for NXGL

Current profitability levels for the company are sitting at:

  • -0.75 for the present operating margin
  • 0.21 for the gross margin

The net margin for Nexgel Inc stands at -0.68. The total capital return value is set at -0.53. Equity return is now at value -65.44, with -33.40 for asset returns.

Based on Nexgel Inc (NXGL), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -4.24. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -75.12.

Currently, EBITDA for the company is -2.73 million with net debt to EBITDA at -0.6. When we switch over and look at the enterprise to sales, we see a ratio of 4.36. The receivables turnover for the company is 8.28for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.

Conclusion

To wrap up, the performance of Nexgel Inc (NXGL) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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