Netcapital (NASDAQ:NCPL) Stock Price Up 5% – What’s Next?

Shares of Netcapital Inc. (NASDAQ:NCPL) shot up 5% during mid-day trading on Wednesday . The company traded as high as $1.74 and last traded at $1.68. 250,569 shares were traded during mid-day trading, an increase of 131% from the average session volume of 108,295 shares. The stock had previously closed at $1.60.

Netcapital Trading Down 8.6 %

The company has a market cap of $32.02 million, a PE ratio of -33.20 and a beta of -0.60. The business has a 50 day simple moving average of $2.45 and a two-hundred day simple moving average of $6.10.

Netcapital (NASDAQ:NCPL) last released its quarterly earnings data on Monday, September 16th. The company reported ($5.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($4.48). The firm had revenue of $0.14 million for the quarter, compared to analyst estimates of $1.22 million. Netcapital had a negative return on equity of 18.14% and a negative net margin of 196.48%.

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.