Netcapital (NASDAQ:NCPL) Posts Quarterly Earnings Results, Misses Estimates By $0.93 EPS

Netcapital (NASDAQ:NCPL) posted its quarterly earnings data on Monday. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.93), Zacks reports. Netcapital had a negative return on equity of 26.88% and a negative net margin of 3,253.10%.The business had revenue of $0.19 million during the quarter, compared to the consensus estimate of $1.51 million.

Netcapital Price Performance

Shares of NCPL opened at $2.39 on Tuesday. The company has a market cap of $11.28 million, a PE ratio of -0.11 and a beta of 0.71. Netcapital has a one year low of $1.41 and a one year high of $8.75. The stock has a 50-day moving average of $2.58 and a 200-day moving average of $2.74.

Hedge Funds Weigh In On Netcapital

An institutional investor recently raised its position in Netcapital stock. Geode Capital Management LLC raised its stake in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 15,574 shares of the company’s stock after purchasing an additional 3,704 shares during the period. Geode Capital Management LLC owned approximately 0.40% of Netcapital worth $107,000 as of its most recent SEC filing. 30.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Netcapital to a “sell” rating in a research report on Saturday, July 5th.

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.