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

Netcapital Inc. (NASDAQ:NCPL) Director Steven F. Geary purchased 239,274 shares of the stock in a transaction on Wednesday, April 24th. The shares were purchased at an average price of $0.13 per share, for a total transaction of $31,105.62. Following the transaction, the director now directly owns 249,574 shares of the company’s stock, valued at $32,444.62. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Netcapital Stock Performance

Shares of NASDAQ:NCPL opened at $0.13 on Friday. The stock’s 50-day moving average price is $0.13 and its 200-day moving average price is $0.24. Netcapital Inc. has a 12-month low of $0.11 and a 12-month high of $2.73. The stock has a market capitalization of $2.60 million, a P/E ratio of -2.60 and a beta of -0.43.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Netcapital stock. Armistice Capital LLC acquired a new stake in shares of Netcapital Inc. (NASDAQ:NCPL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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. 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.