Netcapital (NASDAQ:NCPL) Stock Price Up 14.9% – Here’s Why

Netcapital Inc. (NASDAQ:NCPL) shot up 14.9% during mid-day trading on Tuesday . The stock traded as high as $1.09 and last traded at $1.0650. 215,160 shares traded hands during trading, a decline of 17% from the average session volume of 260,729 shares. The stock had previously closed at $0.9269.

Analyst Upgrades and Downgrades

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

Netcapital Stock Performance

The business has a fifty day moving average of $2.09 and a two-hundred day moving average of $2.82. The firm has a market capitalization of $5.24 million, a price-to-earnings ratio of -0.06 and a beta of 0.78.

Netcapital (NASDAQ:NCPL) last announced its quarterly earnings results on Monday, September 22nd. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.93). Netcapital had a negative net margin of 3,204.47% and a negative return on equity of 34.42%. The business had revenue of ($0.20) million for the quarter, compared to analyst estimates of $1.51 million.

Institutional Trading of Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Jane Street Group LLC purchased a new stake in Netcapital Inc. (NASDAQ:NCPL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned 0.31% of Netcapital as of its most recent SEC filing. Institutional investors and hedge funds own 30.69% of the company’s stock.

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.