SHF (NASDAQ:SHFS – Get Free Report) announced its earnings results on Friday. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($1.36), Zacks reports. SHF had a negative return on equity of 561.02% and a negative net margin of 40.35%.The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion.
SHF Stock Down 1.1%
NASDAQ:SHFS traded down $0.00 during midday trading on Friday, hitting $0.17. The company had a trading volume of 381,319 shares, compared to its average volume of 380,269. The company has a market capitalization of $1.13 million, a PE ratio of -0.18 and a beta of 0.81. SHF has a 52-week low of $0.17 and a 52-week high of $9.19. The stock’s fifty day moving average price is $0.25 and its 200-day moving average price is $0.63.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
SHF Company Profile
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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