Netcapital (NASDAQ:NCPL) Stock Price Up 6% – Time to Buy?

Netcapital Inc. (NASDAQ:NCPL) shares rose 6% on Wednesday . The stock traded as high as $2.34 and last traded at $2.12. Approximately 1,362,130 shares traded hands during mid-day trading, an increase of 584% from the average daily volume of 198,999 shares. The stock had previously closed at $2.00.

Netcapital Stock Performance

The company has a fifty day simple moving average of $1.69 and a two-hundred day simple moving average of $4.33. The company has a market capitalization of $2.29 million, a price-to-earnings ratio of -0.08 and a beta of -0.32.

Netcapital (NASDAQ:NCPL) last issued its quarterly earnings results on Monday, September 16th. The company reported ($5.10) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($4.48). The business had revenue of $0.14 million during the quarter, compared to analyst estimates of $1.22 million. Netcapital had a negative net margin of 196.48% and a negative return on equity of 18.14%.

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.