Netcapital (NCPL, Financial) recently announced that its portfolio company, Zelgor, has successfully acquired Spellbook Studio, known for developing popular games such as The Infinite Black and The Infinite Black 2. This move allows Zelgor to gain ownership of a gaming franchise that boasts a dedicated community of 120,000 players.
The acquisition is a strategic step for Zelgor as it aims to leverage the established player base and generate sufficient revenue to maintain sustainable operations. According to John Fanning Jr., CEO of Zelgor, this transaction is expected to strengthen the company's financial footing by capitalizing on the engaged gaming community surrounding Spellbook Studio's creations.
With the integration of Spellbook Studio's assets, Zelgor anticipates enhancing its market presence and ensuring continued growth and stability in the competitive gaming industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Netcapital Inc (NCPL, Financial) is $2.25 with a high estimate of $2.25 and a low estimate of $2.25. The average target implies an upside of 16.58% from the current price of $1.93. More detailed estimate data can be found on the Netcapital Inc (NCPL) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Netcapital Inc's (NCPL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Netcapital Inc (NCPL, Financial) in one year is $0.37, suggesting a downside of 80.83% from the current price of $1.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Netcapital Inc (NCPL) Summary page.
