Netcapital (NASDAQ:NCPL) Shares Down 1.7%

Netcapital Inc. (NASDAQ:NCPL) fell 1.7% on Monday . The company traded as low as $3.33 and last traded at $3.46. 37,678 shares were traded during trading, a decline of 59% from the average session volume of 91,744 shares. The stock had previously closed at $3.52.

Netcapital Price Performance

The business has a 50-day moving average of $5.76 and a two-hundred day moving average of $8.11. The company has a market cap of $69.24 million, a P/E ratio of -69.20 and a beta of -0.52.

Netcapital (NASDAQ:NCPL) last released its quarterly earnings results on Monday, July 29th. The company reported ($11.19) EPS for the quarter, missing the consensus estimate of ($3.50) by ($7.69). Netcapital had a negative net margin of 100.71% and a negative return on equity of 12.80%. The firm had revenue of $0.35 million for the quarter, compared to analysts’ expectations of $1.10 million. Equities analysts anticipate that Netcapital Inc. will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Netcapital

An institutional investor recently bought a new position in Netcapital stock. Armistice Capital LLC acquired a new stake in shares of Netcapital Inc. (NASDAQ:NCPL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned about 6.03% of Netcapital at the end of the most recent quarter. Institutional investors own 30.69% of the company’s stock.

Netcapital Company Profile

Netcapital Inc operates as a fintech company. It offers Netcapital.com, an SEC-registered funding portal that enables private companies to raise capital online, as well as allows investors to invest from anywhere in the world. The company also provides various services, including automated onboarding process and filing of required regulatory documents; compliance review; custom-built offering page on its portal website; third party transfer agent and custodial services; and rolling closes which provides access to liquidity before final close date of offerings, as well as assistance with annual fillings and direct access to team for ongoing support.