SHF (NASDAQ:SHFS) Shares Down 2.4% – What’s Next?

SHF Holdings, Inc. (NASDAQ:SHFS) fell 2.4% on Thursday . The company traded as low as $0.4268 and last traded at $0.43. 128,493 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 252,035 shares. The stock had previously closed at $0.4406.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SHF in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SHF Stock Down 2.4%

The business has a 50 day moving average of $0.68 and a 200 day moving average of $0.97. The company has a market capitalization of $1.94 million, a P/E ratio of -0.45 and a beta of 0.71.

SHF (NASDAQ:SHFS) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.43) EPS for the quarter. SHF had a negative net margin of 40.35% and a negative return on equity of 561.02%. The firm had revenue of $1.98 million for the quarter.

Hedge Funds Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC purchased a new stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 quarter. 29.19% of the stock is owned by institutional investors.

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.