SHF (NASDAQ:SHFS) Announces Quarterly Earnings Results

SHF (NASDAQ:SHFS) released its quarterly earnings data on Friday. The company reported ($0.43) earnings per share for the quarter, FiscalAI reports. The business had revenue of $1.98 million during the quarter.

SHF Stock Up 6.2%

Shares of SHF stock traded up $0.03 on Friday, reaching $0.46. The company’s stock had a trading volume of 110,483 shares, compared to its average volume of 560,439. The company has a market capitalization of $2.09 million, a price-to-earnings ratio of -0.72 and a beta of 0.84. SHF has a 52 week low of $0.38 and a 52 week high of $9.19. The firm’s fifty day simple moving average is $0.79 and its two-hundred day simple moving average is $1.16.

Hedge Funds Weigh In On SHF

An institutional investor recently bought a new position in SHF stock. T3 Companies LLC purchased a new stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 54,000 shares of the company’s stock, valued at approximately $57,000. T3 Companies LLC owned 1.75% of SHF as of its most recent SEC filing. 29.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 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.