SHF (NASDAQ:SHFS) Releases Quarterly Earnings Results, Misses Expectations By $1.95 EPS

SHF (NASDAQ:SHFS) issued its quarterly earnings data on Monday. The company reported ($0.95) earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($1.95), FiscalAI reports. SHF had a negative return on equity of 69.14% and a negative net margin of 61.26%. The business had revenue of $1.97 million for the quarter, compared to analysts’ expectations of $2.83 million.

SHF Stock Performance

NASDAQ SHFS traded up $0.01 during mid-day trading on Wednesday, reaching $0.03. 1,834,526,646 shares of the stock were exchanged, compared to its average volume of 27,745,377. SHF has a 1-year low of $0.01 and a 1-year high of $25.20. The business’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $5.33. The stock has a market capitalization of $14,579.80, a PE ratio of -0.00 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a report on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

SHF Company Profile

SHF Holdings, Inc., doing business as Safe Harbor Financial, provides financial services to cannabis-related businesses in the United States. The company works with financial institution partners to offer compliant banking and financial solutions to businesses operating in the state-licensed cannabis industry. Its services include deposit accounts, cash management, payment processing, lending, and other treasury and financial services designed to address the specialized regulatory and operational requirements of cannabis businesses.