In a recent transaction on April 24th, Steven F. Geary, a director at Netcapital Inc. (OTC:NCPL), purchased 239,274 shares of the company's common stock. The transaction was executed at a price of $0.1324 per share, amounting to a total investment of $31,679.
Netcapital Inc., known for its financial services within the industry, saw this purchase as a notable move by one of its directors. Steven Geary's acquisition has increased his direct ownership in the company to a total of 249,574 shares following the transaction.
Investors often keep a close eye on insider transactions, as they can provide insights into how the company's leadership perceives the firm's value and prospects. Transactions like these are publicly disclosed to ensure transparency and to comply with securities regulations.
For those tracking insider activity, the details of such transactions can usually be found in the company's SEC filings, which provide a record of all insider trades. Netcapital Inc. has not announced any additional insider transactions at this time.
InvestingPro Insights
Following the insider purchase by director Steven F. Geary, investors may find the current financial metrics and performance of Netcapital Inc. (OTC:NCPL) to be of interest. According to recent data from InvestingPro, Netcapital is trading at a notably low Price / Book multiple of 0.06, suggesting that the company's market value is quite modest relative to its book value. This could indicate that the stock is potentially undervalued, which might have been a factor in Geary's decision to increase his stake.
The company's revenue for the last twelve months as of Q3 2024 stands at $7.72 million, with a high gross profit margin of 98.44%, illustrating strong profitability on the cost of goods sold. Despite this, Netcapital has not been profitable over the last twelve months, with an operating income margin of -7.83%. This could reflect challenges in managing operational costs or investing in growth opportunities.
InvestingPro Tips for Netcapital highlight that the stock has experienced significant price volatility and has performed poorly over the last year, with a 1-year price total return of -91.83%. This might suggest a higher risk profile for investors, but also potential for rebound if the company's fortunes were to change. Additionally, with liquid assets exceeding short-term obligations, the company appears to have a solid liquidity position to meet its immediate financial needs.
For those considering an investment in Netcapital, there are 9 additional InvestingPro Tips available, offering deeper insights into the company's financial health and stock performance. Prospective investors can also take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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