Weak Fundamental Momentum Drags Netcapital Inc (NCPL) Upper

Netcapital Inc (NASDAQ:NCPL) has a beta value of 0.69 and has seen 1.69 million shares traded in the last trading session. The company, currently valued at $2.14M, closed the last trade at $2.06 per share which meant it gained $0.29 on the day or 16.38% during that session. The NCPL stock price is -1561.65% off its 52-week high price of $34.23 and 31.55% above the 52-week low of $1.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.43 million shares traded. The 3-month trading volume is 356.21K shares.

Netcapital Inc (NASDAQ:NCPL) trade information

Sporting 16.38% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NCPL stock price touched $2.06 or saw a rise of 4.19%. Year-to-date, Netcapital Inc shares have moved -86.13%, while the 5-day performance has seen it change 21.89%. Over the past 30 days, the shares of Netcapital Inc (NASDAQ:NCPL) have changed 21.89%. Short interest in the company has seen 93042.0 shares shorted with days to cover at 0.19.

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Netcapital Inc (NCPL) estimates and forecasts

The company’s shares have lost -79.58% over the past 6 months, compared to 18.50% for the industry.

NCPL Dividends

Netcapital Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Netcapital Inc (NASDAQ:NCPL)’s Major holders

Insiders own 7.70% of the company shares, while shares held by institutions stand at 2.78% with a share float percentage of 3.01%. Investors are also buoyed by the number of investors in a company, with Netcapital Inc having a total of 7.0 institutions that hold shares in the company. The top two institutional holders are BARD ASSOCIATES INC with over 1.12 million shares worth more than $0.12 million. As of 2024-06-30, BARD ASSOCIATES INC held 9.7868% of shares outstanding.

The other major institutional holder is JANE STREET GROUP, LLC, with the holding of over 0.11 million shares as of 2024-06-30. The firm’s total holdings are worth over $12018.0 and represent 0.9607% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 0.15% shares in the company for having 1.62 shares of worth $3347.0 while later fund manager owns 755.0 shares of worth $1555.0 as of Jun 30, 2024 , which makes it owner of about 0.07% of company’s outstanding stock.