Netcapital Inc. (NASDAQ:NCPL) Director Purchases $31,105.62 in Stock

Netcapital Inc. (NASDAQ:NCPL) Director Steven F. Geary bought 239,274 shares of Netcapital stock in a transaction on Wednesday, April 24th. The stock was acquired at an average cost of $0.13 per share, with a total value of $31,105.62. Following the acquisition, the director now owns 249,574 shares in the company, valued at approximately $32,444.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Netcapital Stock Down 9.9 %

Shares of Netcapital stock traded down $0.01 on Thursday, reaching $0.13. The company’s stock had a trading volume of 2,547,199 shares, compared to its average volume of 524,046. The company has a market capitalization of $2.62 million, a price-to-earnings ratio of -2.89 and a beta of -0.43. The firm’s fifty day simple moving average is $0.14 and its two-hundred day simple moving average is $0.24. Netcapital Inc. has a 52 week low of $0.11 and a 52 week high of $2.73.

Netcapital (NASDAQ:NCPL) last released its quarterly earnings results on Monday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $1.04 million during the quarter. Netcapital had a negative return on equity of 3.55% and a negative net margin of 17.74%. As a group, research analysts predict that Netcapital Inc. will post -0.27 EPS for the current year.

Hedge Funds Weigh In On Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Armistice Capital LLC bought a new stake in shares of Netcapital Inc. (NASDAQ:NCPL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned approximately 6.03% of Netcapital as of its most recent filing with the Securities and Exchange Commission (SEC). 30.69% of the stock is currently owned by institutional investors.

About Netcapital

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.