Netcapital (NASDAQ:NCPL) Trading Down 7.4% – What’s Next?

Shares of Netcapital Inc. (NASDAQ:NCPL) fell 7.4% on Tuesday . The company traded as low as $2.48 and last traded at $2.50. 121,972 shares were traded during trading, a decline of 46% from the average session volume of 226,419 shares. The stock had previously closed at $2.70.

Netcapital Stock Performance

The stock has a 50-day moving average of $1.94 and a two-hundred day moving average of $1.98. The company has a market cap of $5.48 million, a P/E ratio of -0.08 and a beta of -0.13.

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

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.