undamentalytics Newsletter
Sign in

Netcapital Inc. (NCPL) stock

Add to watchlist

Add holding +

NASDAQ: NCPL Nasdaq Diversified Financial Services

Netcapital Inc. is a US-listed company in the diversified financial services industry. Its financial year ends in April.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds5 adding, 5 cuttingOf 1 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Netcapital Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 276% and a beta of 1.9 against the S&P 500.
  • Short interest rising. Shares sold short rose 199% in a month to 9.2% of tradable shares.

Price chart

  • 1 day-1.3%
  • 1 week+18.0%
  • 1 month+12.1%
  • This year+137.9%
  • 1 year-27.6%
  • 5 years-99.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Earnings

Last results
December 15, 2025

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Leadership
  3. Leadership
  4. Agreement
  5. Agreement
  6. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Netcapital Inc. valuation models and calculator

No model value for Netcapital Inc. at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Netcapital Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 12.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.59 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no twelve-month earnings or share count in the filings yet
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: no twelve-month earnings or share count in the filings yet
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: no twelve-month earnings or share count in the filings yet
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. — Does not apply: no twelve-month earnings or share count in the filings yet
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: no twelve-month earnings or share count in the filings yet
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. — No model applies: the filings don’t yet support a value.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Netcapital Inc. with asset managers, brokers and exchanges in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Netcapital Inc.: too few analysts cover it.

Positioning

Short interest
9.2%
of tradable shares
Days to cover
0.03
at average volume
Short interest, 1 month
+199%
to October 15, 2026
Held by institutions
9%
of shares
Held by insiders
43.2%
of shares
Employees
23
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NCPL+55%−90%−86%−86%−68%+138%
Industry peers (median)−4%−80%−41%−44%−14%−34%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NCPL67%42%17%25%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NCPL−56%−92%−92%−91%−92%−87%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 100% from August 16, 2019 to August 18, 2026. Getting back needed a 859549% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.23 – $2.23
From 52-week high
−29.6%
vs 50-day average
+41.4%
vs 200-day average
+132.0%
Volatility (1 year)
276%
Beta vs S&P 500
1.88

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 10 down
typical move ±8.3%
After a week
2 up, 10 down
typical move ±13.5%
After a month
1 up, 11 down
typical move ±22.7%
Results releasedNext dayS&P 500 next day5 days21 days
December 15, 2025 0.0% −0.4% −18.6% −33.0%
September 22, 2025 −2.9% −0.1% −1.7% −0.8%
August 13, 2025 −22.1% +0.4% −23.3% −10.7%
March 17, 2025 −2.6% −0.3% −5.3% +2.6%
December 16, 2024 −12.4% 0.0% +0.5% −5.5%
September 16, 2024 −20.5% +0.2% −33.2% −38.2%
July 30, 2024 −23.3% +1.1% −54.1% −50.5%
March 19, 2024 −6.1% +1.5% −3.8% −3.8%
December 14, 2023 +4.1% +0.2% −2.9% −42.6%
September 14, 2023 −0.4% −0.4% −13.1% −20.2%
July 27, 2023 +1.8% +0.3% −0.6% −24.8%
July 6, 2023 −3.6% −1.0% +5.4% −40.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms . Generated November 3, 2026. Definitions in our methodology.

Who owns it

Funds buying and selling
Reported value
$179,132
Institutions reporting
12
Shares held vs prior quarter
▲ 71.2%
Positions opened / closed
4 / 2

Top buyers and sellers, Q2 2026: 5 institutions bought and 5 sold ; the biggest buyer was HRT Financial LP (+104K shares) and the biggest seller Geode Capital Management, LLC (−35K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
HRT Financial LP $55,000 104K 30.7% New
Citadel Advisors LLC $29,107 54K 16.2% ▲ 40.8%
Virtu Financial LLC $23,000 43K 12.8% New
Geode Capital Management, LLC $20,074 37K 11.2% ▼ 48.2%
Vanguard Fiduciary Trust Co $16,481 31K 9.2% 0.0%
Jane Street Group, LLC $15,707 29K 8.8% New
Vanguard Capital Management LLC $11,036 21K 6.2% 0.0%
LPL Financial LLC $5,362 10K 3.0% 0.0%
Morgan Stanley $1,611 3K 0.9% 0.0%
Tower Research Capital LLC (TRC) $1,395 3K 0.8% ▼ 35.5%
Larson Financial Group LLC $358 1K 0.2% ▼ 65.9%
Deutsche Bank Ag\ $1 0K 0.0% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Netcapital Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around March 16, 2026 estimated from the company's past filing pattern, not announced

  • December 15, 2025
  • September 22, 2025
  • August 13, 2025
  • March 17, 2025
  • December 16, 2024
  • September 16, 2024

Recent SEC filings

Data status

When each part of this page on Netcapital Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Netcapital Inc. in brief

What does Netcapital Inc. do?
Netcapital Inc. is a US-listed company in the diversified financial services industry. Its financial year ends in April.
What is Netcapital Inc.'s stock ticker?
Netcapital Inc. trades under the ticker NCPL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Netcapital Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are HRT Financial LP, Citadel Advisors LLC and Virtu Financial LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.