LM Funding America Inc (NASDAQ: LMFA)’s stock price has soared by 11.11 in relation to previous closing price of 2.88. Nevertheless, the company has seen a gain of 9.22% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-25 that TAMPA, FL, March 25, 2024 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced that it will host a conference call on Monday, April 1, 2024, at 11:00 a.m. Eastern Time to discuss financial results for the quarter ended December 31, 2023, and provide a business update.
Is It Worth Investing in LM Funding America Inc (NASDAQ: LMFA) Right Now?
Additionally, the 36-month beta value for LMFA is 1.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LMFA is 2.00M and currently, short sellers hold a 7.99% ratio of that float. The average trading volume of LMFA on March 28, 2024 was 173.39K shares.
LMFA’s Market Performance
LMFA’s stock has seen a 9.22% increase for the week, with a -0.29% drop in the past month and a -22.71% fall in the past quarter. The volatility ratio for the week is 9.81%, and the volatility levels for the past 30 days are at 13.50% for LM Funding America Inc The simple moving average for the past 20 days is 4.99% for LMFA’s stock, with a -0.88% simple moving average for the past 200 days.
LMFA Trading at 6.98% from the 50-Day Moving Average
After a stumble in the market that brought LMFA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.07% of loss for the given period.
Volatility was left at 13.50%, however, over the last 30 days, the volatility rate increased by 9.81%, as shares sank -1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.78% upper at present.
During the last 5 trading sessions, LMFA rose by +9.22%, which changed the moving average for the period of 200-days by -26.11% in comparison to the 20-day moving average, which settled at $3.05. In addition, LM Funding America Inc saw -13.49% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LMFA starting from Duran Ryan H, who sale 500 shares at the price of $3.26 back on Mar 13 ’24. After this action, Duran Ryan H now owns 22,818 shares of LM Funding America Inc, valued at $1,630 using the latest closing price.
Duran Ryan H, the Vice President of Operations of LM Funding America Inc, sale 3,000 shares at $0.57 during a trade that took place back on Feb 28 ’24, which means that Duran Ryan H is holding 139,907 shares at $1,698 based on the most recent closing price.
Stock Fundamentals for LMFA
Current profitability levels for the company are sitting at:
- 5.83 for the present operating margin
- 2.19 for the gross margin
The net margin for LM Funding America Inc stands at 6.36. The total capital return value is set at -0.92. Equity return is now at value -68.42, with -64.00 for asset returns.
Based on LM Funding America Inc (LMFA), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -35.35. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -7484.64.
Currently, EBITDA for the company is -27.32 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of -1.35. The receivables turnover for the company is -2.22for trailing twelve months and the total asset turnover is -0.15.
Conclusion
In conclusion, LM Funding America Inc (LMFA) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
