How to Buy Nexgel Stock
Nexgel Inc
NEXGEL, Inc. manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels. Its products are used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics.
Nexgel stock last closed at $2.21, down 3.28% from the previous day, and has increased 42.58% in one year. It has overperformed other stocks in the Medical Instruments & Supplies industry by 0.54 percentage points. Nexgel stock is currently +57.86% from its 52-week low of $1.40, and -29.62% from its 52-week high of $3.14.
There are currently 6.23M shares of NXGL outstanding. The market cap of NXGL is $13.76M. In the last 24 hours, 7462 NXGL shares were traded.
How to Buy Nexgel Stock
Wondering how to invest in Nexgel stock? Here's how.
- Decide where to buy Nexgel stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Nexgel stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Evaluate Nexgel stock: The Nexgel ticker symbol is NXGL. Is Nexgel stock a good investment? Should you buy shares of NXGL? How do NXGL's underlying business fundamentals look? Do top analysts think Nexgel is a good buy? Why has NXGL's stock price moved recently? (Hint: Our stock market research tools can help you decide if NXGL is a good stock to buy).
- Make your NXGL trade: Decide if you will purchase NXGL shares at the current market price or use a limit order to purchase NXGL shares at a specific price.
- Get the latest news on your NXGL investment: Create a watchlist to keep track of your new investment in Nexgel shares.
Step 1: Decide where to buy Nexgel stock
You will need a brokerage account in order to access the NASDAQ market and buy NXGL stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal info so you are able to buy NXGL today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new brokerage account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have opened your account on the best investment app, you need to deposit funds:
Watch the walkthrough below if you need help transferring money into your brokerage account.
Step 4: Evaluate Nexgel stock
Once you have selected the best place to buy Nexgel stock, it's critical to analyze their stock before you buy, so you truly wrap your head around the risk and opportunity.
Overview of key NXGL info
Nexgel Due Diligence Checks
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on NXGL's stock page.
Is NXGL stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NXGL's intrinsic value.
Using relative valuations measures:
- NXGL may be undervalued based on its P/B ratio of 2.93x, relative to Medical Instruments & Supplies industry P/B ratio of 3.53x
You can do additional valuation research on NXGL's stock here.
Is NXGL a healthy company?
Signs that NXGL is financially healthy:
- There are more short-term assets than short-term liabilities on the NXGL balance sheet.
- There are more short-term assets than long-term liabilities on the NXGL balance sheet.
- Total NXGL debt is lower than 5 years ago, relative to shareholder equity.
Signs that NXGL is not financially healthy:
- NXGL has cash burn of 3932000. It does not have sufficient cash and short-term investments to cover this.
- NXGL profit margin has gone up by 1.55 percentage points in the past year, but the company is still unprofitable.
- NXGL has $2.70M in cash and short term investments. This is not sufficient to cover its annual cash burn of $3.93M.
- NXGL has a relatively high debt to equity ratio of 1.02.
NXGL Momentum
Is NXGL Growing Revenue?
Last year, NXGL revenue was $4.09M. During the last 5 year, NXGL's revenue has gone up by 13.06% per year. This was faster than the Medical Instruments & Supplies industry average of 9.46%.
Dive into NXGL's earnings and revenue performance here.
Are NXGL insiders buying or selling the stock?
In the past year, executives and large shareholders at NXGL have bought more shares than they have sold.
Adam E. Drapczuk Iii, Chief Financial Officer of NXGL, was the latest NXGL insider to buy. They bought $100,001.34 worth of NXGL shares on Mar 1, 2024.
Get more info about who owns NXGL stock here.
Can I get consistent income from NXGL stock?
No, Nexgel doesn't provide an income stream by paying out dividends.
What do other traders have to say about NXGL?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your NXGL trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, use a limit order.
Click the Open Trade button and your broker will place your order.
If you require more help buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your NXGL investment
Now that you own some shares in NXGL, you'll want to keep up with your shares.
Put NXGL on a watchlist to keep track of your NXGL stock.
NXGL Feed
How to Buy Stock in Nexgel
To summarize, here are the 6 steps to buy stock in Nexgel:
- Decide where to buy Nexgel stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Evaluate Nexgel stock
- Make your NXGL trade
- Get the latest news on your NXGL investment
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Nexgel, create a watchlist today.
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