Netcapital (NCPLW) Stock: Why It's Down Today
Updated Oct 20, 2026, 1:16 PM ET · intraday price
- Trading at $0.04 as of 1:16 PM ET, -2.25% vs the prior close of $0.04.
- Volume 1.74K shares, 43.5x its 50-day average (heavy).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
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NCPLW dips 2.3% to $0.04 on 43.5x normal volume. Trading at $0.04 (intraday, 1:16 PM ET), -2.25% vs the prior close of $0.04. Day range $0.04–$0.04, opened at $0.03.
NCPLW daily analysis — what happened
A plain-English, data-only note for every US trading day (today's note updates every 2 hours while the market is open). Newest first; older days stay archived below.
Oct 20, 2026 — NCPLW dips 2.3% to $0.04 on 43.5x normal volume
- Trading at $0.04 (intraday, 1:16 PM ET), -2.25% vs the prior close of $0.04. Day range $0.04–$0.04, opened at $0.03.
- Volume was 1.74K shares, 43.5x its 50-day average of 40 — unusually heavy trading.
- 52-week range $0.04–$0.04; the current price sits at 0% of that range, 2.3% below the 52-week high.
Oct 19, 2026 — NCPLW dips 0.5% to $0.04 on 1221.0x normal volume
- Closed at $0.04, -0.50% vs the prior close of $0.04. Day range $0.04–$0.04, opened at $0.03.
- Volume was 12.21K shares, 1221.0x its 50-day average of 10 — unusually heavy trading.
- 52-week range $0.04–$0.04; today's close sits at 0% of that range, 10.9% below the 52-week high.
NCPLW bull case vs bear case (from the data)
- No clear positive signal in the price trend, filings or insider data right now.
- Annual revenue fell 82.4% in the latest fiscal year (SEC XBRL).
- Latest fiscal-year net income: loss of $28.30M.
- Share count up 258.0% in a year (dilution).
- Thin trading (under $2M a day on average) can mean wide bid/ask spreads.
NCPLW latest news & SEC filings
Every SEC filing by or about NCPLW in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Oct 16, 2026 · Form SCHEDULE 13G — Passive stake (13G)
Passive stake (13G) — an investor reported owning more than 5%
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Oct 14, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 3.01 — Stock exchange listing notice or transfer of listing.
- Item 4.01 — Changed its outside auditor.
Sep 25, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 3.01 — Stock exchange listing notice or transfer of listing.
Sep 3, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
Aug 28, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 3.01 — Stock exchange listing notice or transfer of listing.
Aug 25, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
- Item 8.01 — Reported other events the company considers important.
Aug 18, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 4.01 — Changed its outside auditor.
- Item 4.02 — Earlier financial statements should no longer be relied on (non-reliance).
Aug 10, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 3.01 — Stock exchange listing notice or transfer of listing.
- Item 3.02 — Sold unregistered shares.
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Jul 29, 2026 · Form NT 10-K — Notice of late annual report
Notice of late annual report
Jul 9, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 3.02 — Sold unregistered shares.
Jul 8, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 2.03 — Took on a new material debt or financial obligation.
- Item 3.02 — Sold unregistered shares.
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Things to know before you trade NCPLW
- Last results release: Dec 15, 2025 (8-K Item 2.02). Previous ones: Sep 22, 2025, Aug 13, 2025, Mar 17, 2025. Based on that rhythm, the next report is likely around Mar 16, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 2.25% (largest 2.3%).
- Liquidity: about 890 shares (≈$35) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $0.04 vs a range of $0.04–$0.04 (0% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 0 open-market buys, 0 sales.
- Latest filings: 8-K Oct 14, 2026; 8-K Sep 25, 2026; 8-K Sep 3, 2026.
- Share count: 7.85M shares outstanding (Mar 19, 2026), +258.0% vs a year earlier — notable dilution.
- Listing: Nasdaq · industry: Finance Services.
NCPLW market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 20, 2026 | 0.03 | 0.04 | 0.04 | 0.04 | 1.74K |
| Oct 19, 2026 | 0.03 | 0.04 | 0.04 | 0.04 | 40 |
About Netcapital
Netcapital (NCPLW) is listed on the Nasdaq and classified by the SEC under “Finance Services”. Its business address is in BOSTON, MA. State of incorporation: UT. Fiscal year ends April 30. SEC CIK 1414767.
NCPLW board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| No Form 3/4/5 filings by this group in the last 12 months. | ||
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Todd A Violette | CEO | Jun 8, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| No open-market insider buys or sales reported in the last 12 months. | ||||
NCPLW financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Apr 30, 2025 | $869.46K | $-28.30M | -20.39 | $-5.34M |
| Apr 30, 2024 | $4.95M | $-4.99M | -28.83 | $-4.88M |
| Apr 30, 2023 | $8.49M | $2.95M | 0.63 | $-4.62M |
| Apr 30, 2022 | — | $3.50M | 1.27 | $-3.01M |
| Apr 30, 2021 | — | $1.47M | 0.89 | $-3.25M |
Latest balance sheet: total assets $26.06M, total liabilities $4.46M, cash $2.47M (as of Jan 31, 2026).
NCPLW earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Dec 15, 2025 | 8-K Item 2.02 (results) | — |
| Sep 22, 2025 | 8-K Item 2.02 (results) | — |
| Aug 13, 2025 | 8-K Item 2.02 (results) | — |
| Mar 17, 2025 | 8-K Item 2.02 (results) | — |
| Dec 16, 2024 | 8-K Item 2.02 (results) | — |
| Sep 16, 2024 | 8-K Item 2.02 (results) | — |
| Jul 30, 2024 | 8-K Item 2.02 (results) | — |
| Mar 19, 2024 | 8-K Item 2.02 (results) | — |
| Dec 14, 2023 | 8-K Item 2.02 (results) | — |
| Sep 14, 2023 | 8-K Item 2.02 (results) | — |
| Jul 27, 2023 | 8-K Item 2.02 (results) | — |
| Jul 6, 2023 | 8-K Item 2.02 (results) | — |
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: intraday data as of Oct 20, 2026, 1:16 PM ET. Filings: SEC EDGAR. Refreshed every 2 hours during US market hours.