SHF (NASDAQ:SHFS) Stock Price Down 9.7% – Time to Sell?

Shares of SHF Holdings, Inc. (NASDAQ:SHFS) traded down 9.7% during trading on Monday . The stock traded as low as $1.01 and last traded at $1.02. 61,619 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 199,342 shares. The stock had previously closed at $1.13.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a research note on Monday, December 29th. 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 Price Performance

The business’s 50 day moving average is $1.27 and its 200-day moving average is $2.63. The company has a market cap of $3.14 million, a PE ratio of -0.83 and a beta of 0.90.

Institutional Investors Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC bought a new stake in SHF Holdings, Inc. (NASDAQ:SHFS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned about 1.03% of SHF at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.19% of the company’s stock.

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.