SHF (NASDAQ:SHFS) Stock Price Down 2.4% – Time to Sell?
by Tristan Rich · The Markets DailySHF Holdings, Inc. (NASDAQ:SHFS – Get Free Report)’s stock price traded down 2.4% during trading on Thursday . The stock traded as low as $0.4268 and last traded at $0.43. 128,493 shares changed hands during trading, a decline of 49% from the average session volume of 252,035 shares. The stock had previously closed at $0.4406.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
Get Our Latest Research Report on SHF
SHF Price Performance
The stock has a market capitalization of $1.74 million, a PE ratio of -0.40 and a beta of 0.71. The stock’s 50 day simple moving average is $0.67 and its two-hundred day simple moving average is $0.97.
SHF (NASDAQ:SHFS – Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.43) earnings per share for the quarter. The company had revenue of $1.98 million during the quarter. SHF had a negative net margin of 40.35% and a negative return on equity of 561.02%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in SHF stock. T3 Companies LLC purchased a new stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 54,000 shares of the company’s stock, valued at approximately $57,000. T3 Companies LLC owned approximately 1.75% of SHF at the end of the most recent quarter. 29.19% of the stock is owned by institutional investors.
About SHF
SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources.