Netcapital (NASDAQ:NCPL) Announces Earnings Results

Netcapital (NASDAQ:NCPL) posted its quarterly earnings data on Monday. The company reported ($0.44) earnings per share (EPS) for the quarter, Zacks reports. Netcapital had a negative return on equity of 34.42% and a negative net margin of 3,204.47%.

Netcapital Stock Up 2.8%

Shares of NASDAQ:NCPL traded up $0.03 on Monday, reaching $1.12. 1,335,683 shares of the company’s stock were exchanged, compared to its average volume of 1,594,577. The business’s 50-day moving average is $1.73 and its two-hundred day moving average is $2.73. Netcapital has a fifty-two week low of $0.62 and a fifty-two week high of $8.75. The firm has a market capitalization of $5.51 million, a price-to-earnings ratio of -0.06 and a beta of 0.88.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Netcapital in a report on Friday, October 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Netcapital currently has an average rating of “Sell”.

Institutional Investors Weigh In On Netcapital

An institutional investor recently raised its position in Netcapital stock. Geode Capital Management LLC grew its holdings in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,574 shares of the company’s stock after purchasing an additional 3,704 shares during the period. Geode Capital Management LLC owned approximately 0.40% of Netcapital worth $107,000 at the end of the most recent reporting period. Institutional investors own 30.69% of the company’s stock.

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.