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LM Funding America Inc (NASDAQ:LMFA) Decline -9.63%, More Rally Possible

In last trading session, LM Funding America Inc (NASDAQ:LMFA) saw 0.32 million shares changing hands with its beta currently measuring 1.08. Company’s recent per share price level of $0.29 trading at -$0.03 or -9.63% at ring of the bell on the day assigns it a market valuation of $4.25M. That closing price of LMFA’s stock is at a discount of -410.34% from its 52-week high price of $1.48 and is indicating a discount of -6.9% from its 52-week low price of $0.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.34 million shares which gives us an average trading volume of 267.41K if we extend that period to 3-months.

For LM Funding America Inc (LMFA), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

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LM Funding America Inc (NASDAQ:LMFA) trade information

Upright in the red during last session for losing -9.63%, in the last five days LMFA remained trading in the red while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $0.29 price level, adding 32.51% to its value on the day. LM Funding America Inc’s shares saw a change of -47.45% in year-to-date performance and have moved -27.47% in past 5-day. LM Funding America Inc (NASDAQ:LMFA) showed a performance of -29.24% in past 30-days. Number of shares sold short was 0.24 million shares which calculate 0.43 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $1.00 to the stock, which implies a rise of 71.0% to its current value. Analysts have been projecting $1.00 as a low price target for the stock while placing it at a high target of $1.00. It follows that stock’s current price would drop -244.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -244.83% for stock’s current value.

LM Funding America Inc (LMFA) estimates and forecasts

This year revenue growth is estimated to rise 528.60% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.2 million for the same. And 1 analysts are in estimates of company making revenue of $3.51 million in the next quarter that will end on Sep 2023. Company posted $234k and $188k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 1,265.80% while estimating it to be 1,768.60% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 55.52% during past 5 years.

LMFA Dividends

LM Funding America Inc is more likely to be releasing its next quarterly report on November 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

LM Funding America Inc (NASDAQ:LMFA)’s Major holders

Insiders are in possession of 32.85% of company’s total shares while institution are holding 15.39 percent of that, with stock having share float percentage of 22.92%. Investors also watch the number of corporate investors in a company very closely, which is 15.39% institutions for LM Funding America Inc that are currently holding shares of the company. Geode Capital Management, LLC is the top institutional holder at LMFA for having 0.18 million shares of worth $0.13 million. And as of Jun 29, 2023, it was holding 1.25% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 99032.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.68% of outstanding shares, having a total worth of $69332.0.

On the other hand, Fidelity NASDAQ Composite Index ETF and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.1 million shares of worth $49174.0 or 0.69% of the total outstanding shares. The later fund manager was in possession of 99032.0 shares on Jun 29, 2023, making its stake of worth around $69332.0 in the company or a holder of 0.68% of company’s stock.

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