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Wednesday, September 30, 2020

Is Now the Time to Invest in LM Funding America Inc. (NASDAQ:LMFA)?

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The LM Funding America Inc. (LMFA) shares are trading at higher $1.68.

To add more color to this target, the company’s high over the last year is $4.89 and the low is $0.30. Over the last 52 weeks, LMFA is down -65.64% while the S&P 500 is up 0.07%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LMFA reported a profit of $0.9 million. LM Funding America Inc. also saw revenues increase to $0.34 million. In addition, LMFA has free cash flow of -$0.32 million as of 03-2020. The company’s EBITDA came in at -$0.53 million which compares well with its peers.

LMFA Return on Equity (ROE) is -83.60%, and its Return on Assets is -41.60%. All told, it is clear that, LMFA needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LMFA has a short ratio of 0.02 and outstanding shares of 3.23M.

Company Outlook

LMFA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.61 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.99. LM Funding America Inc. LMFA also noted assets of $3.04 million at the end of the last quarter. Investors should also keep an eye on sector updates as LMFA has historically followed its peers on positive news.

All told, LM Funding America Inc. LMFA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LMFA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

LM Funding America Inc. LMFA is now commanding a market cap of 5.29M and a float of 1.93M. LMFA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LMFA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LMFA, either long or short, and we have not been compensated for this article.

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