SHF (NASDAQ:SHFS) Posts Quarterly Earnings Results

by · The Cerbat Gem

SHF (NASDAQ:SHFS – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.43) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $1.98 million for the quarter.

SHF Stock Up 6.2%

SHFS opened at $0.46 on Friday. The firm has a market cap of $2.09 million, a PE ratio of -0.48 and a beta of 0.84. The business has a fifty day simple moving average of $0.79 and a 200-day simple moving average of $1.16. SHF has a fifty-two week low of $0.38 and a fifty-two week high of $9.19.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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 has a consensus rating of “Sell”.

View Our Latest Analysis on SHFS

Institutional Investors Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC bought a new position in SHF Holdings, Inc. (NASDAQ:SHFS – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned 1.03% of SHF at the end of the most recent reporting period. Institutional investors own 29.19% of the company’s stock.

About SHF

(Get Free Report)

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.

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