SHF (NASDAQ:SHFS) Posts Earnings Results

SHF (NASDAQ:SHFS) issued its quarterly earnings results on Wednesday. The company reported ($0.26) EPS for the quarter, FiscalAI reports. The firm had revenue of $2.06 million for the quarter.

SHF Price Performance

Shares of NASDAQ:SHFS opened at $0.91 on Thursday. SHF has a one year low of $0.71 and a one year high of $9.19. The company’s fifty day moving average price is $0.87 and its 200-day moving average price is $1.74. The firm has a market capitalization of $2.80 million, a price-to-earnings ratio of -0.74 and a beta of 0.92.

Hedge Funds Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. T3 Companies LLC bought a new stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,000 shares of the company’s stock, valued at approximately $57,000. T3 Companies LLC owned about 1.75% of SHF as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 29.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.