LM Funding America, Inc. (NASDAQ:LMFA) is a stock to watch today. At current price of $1.32, the shares have already added 0.1 points (7.67% higher) from its previous close of $1.22. The stock sets an active trading volume day with a reported 145107 contracts so far this session. LMFA shares had a relatively better volume day versus average trading capacity of 139.85 thousand shares, but with a 2.26 million float and a -10.05% run over a week, it’s definitely worth keeping an eye on. LMFA share price has been trading recently between $1.02 and $1.33.
The shorts are climbing into LM Funding America, Inc. (LMFA) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in LMFA shares. While short interest still represents only 6.56% of LMFA’s float, the number of shares shorted have risen by 37. The number of shares shorted advanced to 148004 shares, up from 147967 shares during the preceding fortnight. With average daily trading volumes at 87226 shares, days to cover increased to about 1.493786 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “LM Funding Reports First Quarter 2019 Financial Results” and dated May 16, 2019.
During the recent trading session for LM Funding America, Inc. (NASDAQ:LMFA), the company witnessed their stock rise $unch over a week and tumble down $-0.07 from the price 20 days ago. When compared to their established 52-week high of $10.7, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/22/18. The recent low of $1 stood for a -87.68% since 12/21/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.67 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for LM Funding America, Inc., the two-week RSI stands at 48.86. This figure suggests that LMFA stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current LMFA readings is similarly very revealing as it has a stochastic reading of 62.4% at this stage. This figure means that LMFA share price today is being neutral.
Technical chart claims that LM Funding America, Inc. (LMFA) would settle between $1.36/share to $1.5/share level. However, if the stock price goes below the $1.05 mark, then the market for LM Funding America, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $0.88 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.04. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Moving on, LMFA stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.96 while for the average stock in the same group, the multiple is 24.25.