Netcapital (NASDAQ:NCPL) Shares Down 2.6% – Here’s Why

Netcapital Inc. (NASDAQ:NCPL) shares dropped 2.6% on Friday . The stock traded as low as $1.85 and last traded at $1.89. Approximately 19,250 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 231,302 shares. The stock had previously closed at $1.94.

Netcapital Stock Down 2.6 %

The stock’s 50 day moving average is $1.94 and its 200-day moving average is $1.89. The company has a market cap of $4.14 million, a PE ratio of -0.06 and a beta of -0.39.

Netcapital (NASDAQ:NCPL) last announced its earnings results on Monday, March 17th. The company reported ($1.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.87). The business had revenue of $0.15 million for the quarter, compared to analysts’ expectations of $1.13 million. Netcapital had a negative net margin of 562.71% and a negative return on equity of 25.03%. During the same quarter in the prior year, the company posted ($13.60) earnings per share.

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.