SHF (NASDAQ:SHFS) Announces Quarterly Earnings Results

SHF (NASDAQ:SHFS) released its earnings results on Monday. The company reported ($0.95) earnings per share for the quarter, missing the consensus estimate of $1.00 by ($1.95), FiscalAI reports. The business had revenue of $1.97 million for the quarter, compared to analysts’ expectations of $2.83 million. SHF had a negative net margin of 47.33% and a negative return on equity of 90.25%.

SHF Price Performance

SHF stock opened at $0.02 on Tuesday. The company has a market capitalization of $13,392.00, a price-to-earnings ratio of -0.00 and a beta of 1.01. SHF has a one year low of $0.02 and a one year high of $28.32. The company’s fifty day moving average price is $0.98 and its two-hundred day moving average price is $5.40.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SHF in a report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, SHF 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.