LM Funding America (NASDAQ:PWCM) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

LM Funding America, Inc. (NASDAQ:PWCM) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $1.82 and traded as low as $0.9295. LM Funding America shares last traded at $0.9593, with a volume of 479,904 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PWCM. Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a research note on Monday, September 21st. Wall Street Zen downgraded LM Funding America to a “strong sell” rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

LM Funding America Price Performance

The company has a market capitalization of $1.61 million, a P/E ratio of -0.01 and a beta of 2.33. The stock’s fifty day simple moving average is $1.79 and its 200-day simple moving average is $4.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99.

LM Funding America (NASDAQ:PWCM) last posted its quarterly earnings data on Friday, August 14th. The financial services provider reported ($5.26) EPS for the quarter, missing analysts’ consensus estimates of ($3.50) by ($1.76). LM Funding America had a negative return on equity of 132.69% and a negative net margin of 413.92%.The business had revenue of $2.12 million during the quarter, compared to the consensus estimate of $2.30 million.

About LM Funding America

LM Funding America, Inc is a specialty finance and cryptocurrency mining company. Historically, the company provided funding solutions to nonprofit community associations, including advances related to delinquent assessments, and offered insurance-related subrogation funding services.

In recent years, LM Funding America has expanded its operations into Bitcoin mining through its subsidiaries. Its cryptocurrency business focuses on deploying and operating specialized mining equipment, securing access to computing infrastructure and electricity, and producing digital assets through participation in the Bitcoin network.

The company was founded in 2008 and is headquartered in Tampa, Florida.