Steven F. Geary Purchases 239,274 Shares of Netcapital Inc. (NASDAQ:NCPL) Stock

Posted by ABMN Staff on Apr 27th, 2024

Netcapital Inc. (NASDAQ:NCPL – Get Free Report) Director Steven F. Geary bought 239,274 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were bought at an average cost of $0.13 per share, for a total transaction of $31,105.62. Following the transaction, the director now owns 249,574 shares of the company’s stock, valued at $32,444.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Netcapital Price Performance

NCPL stock opened at $0.13 on Friday. The stock’s fifty day simple moving average is $0.13 and its two-hundred day simple moving average is $0.24. Netcapital Inc. has a 1-year low of $0.11 and a 1-year high of $2.73.

Netcapital (NASDAQ:NCPL – Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The company reported ($0.19) earnings per share for the quarter. Netcapital had a negative return on equity of 3.55% and a negative net margin of 17.74%. The business had revenue of $1.04 million during the quarter. On average, equities research analysts forecast that Netcapital Inc. will post -0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Netcapital stock. Armistice Capital LLC acquired a new position in Netcapital Inc. (NASDAQ:NCPL – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned about 6.03% 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

(Get Free Report)

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.