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

Netcapital Inc. (NASDAQ:NCPL) Director Steven F. Geary bought 239,274 shares of the 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 owns 249,574 shares in the company, valued at $32,444.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Netcapital Price Performance

NCPL stock opened at $0.13 on Friday. The company’s 50-day simple moving average is $0.14 and its 200-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 for the quarter. Netcapital had a negative return on equity of 3.55% and a negative net margin of 17.74%. The company had revenue of $1.04 million for the quarter. On average, sell-side analysts forecast that Netcapital Inc. will post -0.27 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Netcapital stock. Armistice Capital LLC purchased a new position in shares of Netcapital Inc. (NASDAQ:NCPL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned about 6.03% of Netcapital as of its most recent SEC filing. Hedge funds and other 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.