LM Funding America (NASDAQ:LMFA) Share Price Crosses Below 50 Day Moving Average of $3.22

LM Funding America, Inc. (NASDAQ:LMFA)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.22 and traded as low as $2.37. LM Funding America shares last traded at $2.55, with a volume of 62,556 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of LM Funding America in a research report on Thursday, August 15th.

LM Funding America Stock Up 3.7 %

The business has a 50-day moving average price of $3.22 and a 200-day moving average price of $3.36. The company has a market capitalization of $6.36 million, a price-to-earnings ratio of -0.62 and a beta of 1.36.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($1.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.80). LM Funding America had a negative net margin of 69.53% and a negative return on equity of 34.88%. The business had revenue of $3.01 million for the quarter, compared to analysts’ expectations of $3.10 million. As a group, sell-side analysts predict that LM Funding America, Inc. will post -4.45 EPS for the current year.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.