Netcapital Inc. (NASDAQ:NCPL) Director Steven F. Geary Purchases 239,274 Shares

Netcapital Inc. (NASDAQ:NCPL) Director Steven F. Geary purchased 239,274 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were purchased at an average cost of $0.13 per share, for a total transaction of $31,105.62. Following the completion of the purchase, the director now directly owns 249,574 shares of the company’s stock, valued at approximately $32,444.62. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Netcapital Price Performance

Shares of Netcapital stock traded down $0.01 during midday trading on Thursday, reaching $0.13. The company had a trading volume of 2,547,199 shares, compared to its average volume of 524,046. The stock has a fifty day moving average price of $0.14 and a 200 day moving average price of $0.24. The firm has a market cap of $2.62 million, a PE ratio of -2.89 and a beta of -0.43. Netcapital Inc. has a fifty-two week low of $0.11 and a fifty-two week high of $2.73.

Netcapital (NASDAQ:NCPL) last posted its quarterly earnings data on Monday, March 18th. The company reported ($0.19) EPS for the quarter. The company 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, sell-side analysts forecast that Netcapital Inc. will post -0.27 EPS for the current year.

Institutional Investors Weigh In On Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Armistice Capital LLC bought a new position in Netcapital Inc. (NASDAQ:NCPL) in the fourth 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 owned by institutional investors and hedge funds.

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.