LM Funding America (NASDAQ:LMFA) Shares Down 4%

LM Funding America, Inc. (NASDAQ:LMFA)’s stock price was down 4% on Tuesday . The stock traded as low as $4.36 and last traded at $4.37. Approximately 10,474 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 140,879 shares. The stock had previously closed at $4.55.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “neutral” rating on shares of LM Funding America in a research note on Tuesday, June 11th.

LM Funding America Price Performance

The firm has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $3.33. The stock has a market cap of $10.89 million, a price-to-earnings ratio of -1.06 and a beta of 1.31.

LM Funding America (NASDAQ:LMFA) last released its earnings results on Thursday, May 16th. The financial services provider reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.27). LM Funding America had a negative net margin of 58.81% and a negative return on equity of 24.61%. The company had revenue of $4.75 million during the quarter, compared to analyst estimates of $4.80 million. On average, sell-side analysts expect that LM Funding America, Inc. will post -3.3 earnings per share for the current fiscal year.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and technology-based specialty finance company. It engages in Bitcoin mining operations. The company also provides funding to nonprofit community associations primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois.