Armistice Capital LLC Takes $182,000 Position in Netcapital Inc. (NASDAQ:NCPL)

Armistice Capital LLC purchased a new position in Netcapital Inc. (NASDAQ:NCPLFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned approximately 6.03% of Netcapital at the end of the most recent reporting period.

Insider Transactions at Netcapital

In other Netcapital news, Director Steven F. Geary purchased 239,274 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was bought at an average cost of $0.13 per share, with a total value of $31,105.62. Following the transaction, the director now directly owns 249,574 shares in the company, valued at approximately $32,444.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.20% of the company’s stock.

Netcapital Trading Up 4.0 %

Netcapital stock traded up $0.00 during trading hours on Wednesday, hitting $0.11. 5,732,179 shares of the stock traded hands, compared to its average volume of 3,704,915. Netcapital Inc. has a one year low of $0.11 and a one year high of $1.50. The firm’s 50-day moving average price is $0.13 and its two-hundred day moving average price is $0.19. The company has a market cap of $2.27 million, a PE ratio of -2.17 and a beta of -0.52.

Netcapital (NASDAQ:NCPLGet Free Report) last released its quarterly earnings results on Monday, March 18th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $1.04 million for the quarter. Netcapital had a negative net margin of 17.74% and a negative return on equity of 3.55%. On average, sell-side analysts expect that Netcapital Inc. will post -0.27 earnings per share for the current fiscal year.

About Netcapital

(Free Report)

Netcapital Inc operates as a fintech company. It offers, 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.

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