SHF Holdings Inc. (NASDAQ: SHFS) – Time For Strategy Change?

SHF Holdings Inc. (NASDAQ:SHFS) currently has a daily average trading volume of 708.60K but it saw 1428534 shares traded on Thursday. With a market cap of 19.03M USD, stock’s current market price of $0.46 came rising about 19.48 while comparing to the previous closing price of $0.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.47 and as low as $0.33. In the recent trading on the day, stock has struck highest price mark of $0.4776 while lowest mark touched by it was $0.4011.

Taking a look at 20-day trading activity of SHF Holdings Inc. (SHFS) gives us an average price of $0.4567, while its current price level is -98.49% below from 52-week high level whereas it is 39.39% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4922 while that of 200 days or SMA-200 reads an average of $3.2997. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.42% during that period while stretching the period over a month that decreases to 10.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.82 which implies that the stock is in neutral territory.

SHF Holdings Inc. (SHFS)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $1.50 and $1.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $1.50. Average price target assigned by them is $1.50 which highlights an upside potential of 69.33% for the stock over that period. And to attain the median price target of $1.50 assigned by those analysts, stock has to add about 69.33% of value to its current levels.

Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.

Over the week, SHFS’s stock price is moving 19.64% up while it is -20.69% when we observe its performance for the past one month. Year-to-date it is -74.08% down and over the past year, the stock is showing a downside performance of -95.47%.

The company is expected to be releasing its next quarterly report in 08/30/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.

Currently, SHF Holdings Inc.’s total number of outstanding shares is 19.81M with 63.82% of that held by the insiders while 14.68% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 138.30% and return on equity (ROE) at 4.20%. Stock has a price to book (P/B) ratio of 1.77 while price to sale or P/S ratio amounts to 2.00. Its return on asset (ROA) is 2.50% on average.

In the most recent quarter, Lumyna – MW Systematic Alpha UCIT came cutting its stake by -100.00% in the company and now holds 0.0 or 0.00% of the company’s stake having worth of about 0.0.