Netcapital (NASDAQ:NCPL) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Netcapital (NASDAQ:NCPL) issued its quarterly earnings results on Monday. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.14), Zacks reports. Netcapital had a negative net margin of 3,204.47% and a negative return on equity of 34.42%. The business had revenue of $0.05 million during the quarter, compared to analyst estimates of $1.76 million.

Netcapital Stock Up 2.8%

NASDAQ:NCPL opened at $1.12 on Tuesday. The company has a market cap of $5.51 million, a P/E ratio of -0.06 and a beta of 0.87. The firm’s 50 day moving average is $1.70 and its two-hundred day moving average is $2.72. Netcapital has a fifty-two week low of $0.62 and a fifty-two week high of $8.75.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Netcapital stock. Jane Street Group LLC bought a new stake in Netcapital Inc. (NASDAQ:NCPL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned about 0.31% of Netcapital at the end of the most recent quarter. 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.