LM Funding America (NASDAQ:LMFA) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

LM Funding America, Inc. (NASDAQ:LMFA) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.74 and traded as low as $2.38. LM Funding America shares last traded at $2.56, with a volume of 49,028 shares.

Analysts Set New Price Targets

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

LM Funding America Price Performance

The business’s 50 day simple moving average is $2.73 and its 200 day simple moving average is $3.31. The stock has a market cap of $7.22 million, a P/E ratio of -0.57 and a beta of 1.35.

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

About LM Funding America

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.