LM Funding America Inc (NASDAQ:LMFA) price on current trading day, rose 2.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.01.
A look at the stock’s price movement, the level at last check in today’s session was $2.94, moving within a range at $2.87 and $3.67. The beta value (5-Year monthly) was 1.353. Turning to its 52-week performance, $6.11 and $1.63 were the 52-week high and 52-week low respectively. Overall, LMFA moved 1.52% over the past month.
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LM Funding America Inc’s market cap currently stands at around $8.45 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Analysts have a consensus estimate of 2.15M for the company’s revenue for the quarter, with a low and high estimate of 1.7M and 2.6M respectively. The average forecast suggests down to a -46.98% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11.75M, representing a -9.50% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LMFA is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
LMFA’s current price about 1.62% and 10.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.66, while 7-day volatility ratio is 18.72% and 11.77% in the 30-day chart. Further, LM Funding America Inc (LMFA) has a beta value of 1.36, and an average true range (ATR) of 0.43.
If we refocus on LM Funding America Inc (NASDAQ:LMFA), historical trading data shows that trading volumes averaged 0.28 over the past 10 days and 96.31K over the past 3 months. The company’s latest data on shares outstanding shows there are 2.49 million shares.
The 15.18% of LM Funding America Inc’s shares are in the hands of company insiders while institutional holders own 4.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 83598.0 on 2024-10-31, giving us a short ratio of 1.04. The data shows that as of 2024-10-31 short interest in LM Funding America Inc (LMFA) stood at 352.0 of shares outstanding, with shares short rising to 81127.0 registered in 2024-09-30. Current price change has pushed the stock -18.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LMFA stock continues to rise going into the next quarter.
