Netcapital (NASDAQ:NCPL) Announces Quarterly Earnings Results

Netcapital (NASDAQ:NCPL) posted its quarterly earnings results on Monday. The company reported ($5.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($4.48), Yahoo Finance reports. Netcapital had a negative return on equity of 12.80% and a negative net margin of 100.71%. The company had revenue of $0.14 million for the quarter, compared to analyst estimates of $1.22 million.

Netcapital Trading Down 28.5 %

Shares of NCPL opened at $2.06 on Wednesday. The firm’s 50-day moving average is $4.23 and its two-hundred day moving average is $7.25. Netcapital has a twelve month low of $2.00 and a twelve month high of $47.59. The firm has a market capitalization of $41.22 million, a P/E ratio of -41.20 and a beta of -0.56.

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.