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Tag: LMFA

  • Here is why LM Funding America Inc. (LMFA) stock surged in the after-hours on Thursday?

    LM Funding America Inc. (LMFA) shares surged 14.29% in after-hours on Thursday, July 29, 2021, and closed the daily trading at $4.80. in regular trading, LMFA’s stock lost 5.41%. LMFA shares have fallen 39.13% over the last 12 months, and they have moved up by 7.69% in the past week. Over the past three months, the stock has lost 27.59%, while over the past six months, it has shed 44.00%.

    Let’s discuss its recent news and developments briefly.

    Acquisition of 5.2% LMFA stock by Custodian Ventures LLC

    On July 29, 2021, Custodian Ventures LLC filed a Schedule 13D announcing its acquisition of approximately 5.2% of the common stock outstanding of LM Funding America, Inc. (LMFA).

    LMFA recent financial results

    On May 14, 2021, LM Funding America, Inc. (LMFA) reported its financial results for the three months ended March 31, 2021.

    Q1 2021 financial highlights

    • LMFA reported revenue of $177 thousand in Q1 2021 compared to $341 thousand in Q1 2020.
    • It suffered an operating loss of 1,728 thousand in Q1 2021 compared to a loss of $561 thousand in Q1 2020.
    • In Q1 2021, net income was $$4.4 million, or $0.87 per basic common share compared to $0.55 million or $0.88 per basic common share in Q1 2020.

    LMFA Reverse Stock Split

    On May 06, 2021, LM Funding America, Inc (LMFA) announced a 1-for-5 reverse stock split of its outstanding common stock, which became effective at 12:01 a.m. Eastern time on May 7, 2021. LM Funding’s common stock started to trade on a split-adjusted basis on May 7, 2021.

    Digital Assets Strategy

    On April 26, 2021, LM Funding America, Inc (LMFA) announced plans to purchase up to $2 million in digital assets. The purchase of Bitcoin, Ether and other digital assets that are not securities is part of LMFA’s capital allocation strategy. This purchase represents approximately ten per cent of LMFA’s assets. In addition, LMFA is pursuing the development of transactional capabilities involving digital assets both organically and through potential acquisitions.

    Separate Trading of Class A Common Stock and Warrants

    On March 17, 2021, LMF Acquisition Opportunities, Inc (LMAOU) announced that, from March 18, 2021, holders of the units sold in the Company’s initial public offering elected to separately trade shares of the Company’s Class A common stock and warrants included in the units. Class A Common Stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols LMAO and LMAOW, respectively. Those units not separated will continue to trade on Nasdaq under the symbol LMAOU.

    Conclusion

    The recent 5.2% LMFA stock acquisition by Custodian Ventures LLC was the reason behind its surging in the after-markets on Thursday. it can continue to surge on Friday as well.

  • LM Funding America, Inc. (LMFA) stock is popping high today: What’s going on?

    LM Funding America, Inc. (LMFA) stock is popping high today: What’s going on?

    LM Funding America, Inc. (LMFA) stock announced the digital assets strategy today after which the LMFA stock price saw a push of 5.45% to reach $1.16 a share at the time of this writing. LMFA stock was green in the previous trading session and went up by 5.77% at closing. Let’s look at current scenarios.

    Digital Assets Strategy:

    LMFA stock announced today that it is planning to purchase digital assets of up to $2 million worth.LMFA will spend this amount in the purchasing of Bitcoin, Ether, and other digital assets that are not securities of this stock. This purchase will cover approximately 10% assets of LM Funding America. Moreover, these assets will provide an alternative to storing value in cash and cash equivalents and will help in the variety of transactions using blockchain technology in the future.

    On January 28, LMFA sponsored LM Acquisition Opportunities, Inc (LMAO) completed the upside initial public offering in which it generated $103.5 million of total proceeds. The management is optimistic that this new digital strategy of LMFA would make LMAO more attractive in terms of a financial technology business with the help of digital assets.

    LM Funding America stock is deeply focused on the development of its transactional capabilities and is planning to announce further developments in the future in terms of purchasing digital assets as well as material vendor relationships.

    Previous News:

    On March 18, 2021, LMFA stock did announce the separate trading of shares of its Class A common stock and warrants under the symbols “LMAO” and “LMAOW” in the Nasdaq Capital Market. The units that are not separated would continue to trade under the symbol “LMAOU”, reported at that time.

    Conclusion:

    It seems that rising momentum was already built by LMFA as it was going high in the previous trading session and today’s news about the purchasing of digital assets have added more hype to the rising stock price of the LMFA. Management is well aware that blockchain technology is the future and responding accordingly. In short, investors need to keep an eye on LMFA stock.

  • Early Morning Vibes: 4 Growth Stocks to Watch Right Now

    Early Morning Vibes: 4 Growth Stocks to Watch Right Now

    On January 28, American stock markets closed in the green zone. The S&P 500 index rose 0.98% to 3787 points, the NASDAQ gained 0.50%, the Dow Jones rose 0.99%. The rebound after the sale on the eve was caused by technical factors, as well as the publication of mostly positive macro statistics. All 11 sectors finished the session in positive territory. The finance sector showed outstripping growth by 1.92% due to the increase in the quotations of shares of payment systems and banks.

    Company news

    Comcast (CMCSA: + 6.6%) posted strong quarterly results thanks to continued strong demand for home internet. Some amusement parks have reached break-even points.

    MasterCard (MA: + 2.8%) quarterly EPS came in better than expected on a solid recovery in US earnings.

    Tesla’s revenue (TSLA: -3.3%) beat consensus expectations, but gross margin declined. The company’s forecast for the supply of electric vehicles in 2021 was weaker than analysts had predicted.

    Today world stock markets are showing negative dynamics. In the real economy, the news background remains calm, however, short squeezes in individual stocks continue to attract attention, causing concern among professional market participants.

    Risk appetite is highly variable. On the one hand, quarterly corporate results are mostly stronger than expected. Many support factors, including fiscal and monetary policy, an improvement in the epidemiological situation in the world, the emergence of new vaccines, remain relevant. In particular, Novavax today published positive test results for its drug.

    At the same time, hedge funds lock in positions to cover losses on short positions. In addition, market participants are avoiding risk by observing excess volatility and cautiously comparing the current situation to the stock market bubble before the dotcom crash. A significant risk is the spread of mutations in the coronavirus. The Novavax vaccine is only 49% effective against its South African strain. Thus, the market equilibrium appears to be fragile, so investors should be careful.

    The Freedom Finance Sentiment Index dropped to 68 out of 100. The indicator reflects the hope of market participants for a recovery in the global economy in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospects for mass vaccinations.

    Technical picture

    Technically, the S&P 500 is prone to an upward movement in the medium term. Nevertheless, the short-term correction may continue, as the MACD indicator is in negative territory. Significant support is located at 3710 points, where the 50-day moving average lies. The medium-term outlook for the S&P 500 will worsen if it falls below 3630 points.

    Today Top Movers‎

    LM Funding America Inc (LMFA), a specialty finance company, soared about 86.67% ‎at $2.79 in pre-market ‎trading Friday.‎‎ The company declared the closing of a $103.5 million upsized initial public offering.

    ‎Genius Brands International Inc (GNUS) share price jumped 16.75% to $2.30 during early morning ‎trading session on ‎Friday.‎‎

    ‎Monopar Therapeutics Inc (MNPR) stock ascended 9.17% at $9.29 in the pre-‎market trading today.‎‎

    ‎Sundial Growers Inc (SNDL) gained over 14.34% at $0.94 in pre-market ‎trading on Friday.‎‎

    Top Upgrades & Downgrades

    Wells Fargo turned bullish on Alliance Data Systems Corporation (ADS), upgrading the stock to “Equal-Weight” and assigning a $75 price target, representing a potential upside of 5.94% from Thursday’s close.

    SLM Corporation (SLM) has won the favor of RBC Capital’s equity research team. The firm upgraded the shares from Sector Perform to Outperform and moved their price target to $20, suggesting a 43.57% additional upside for the stock.

    Capri Holdings Limited (CPRI) received an upgrade from analysts at Baird, who also set their one-year price target on the stock to $58. They changed their rating on CPRI to Outperform from Neutral in a recently issued research note.

    Earlier Friday Jefferies reduced its rating on Golar LNG Partners LP (GMLP) stock to Hold from Buy and assigned the price target to $3.5. With shares trading at around $3.42, the Wall Street firm thinks Golar LNG Partners LP’s stock could add 2.34%.

    Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Safe Bulkers Inc. (SB) has been changed to Hold from Buy and the new price target is set at $1.8.

    Analysts at Morgan Stanley downgraded DXC Technology Co (DXC)’s stock to Equal Weight from Overweight Friday.

    Latest Insider Activity

    The Macerich Company (MAC) 10% Owner ONTARIO TEACHERS PENSION PLAN announced the sale of shares taking place on Jan 27 at $20.25 for some 24,562,964 shares. The total came to more than $497.37 million.

    Houston American Energy Corp. (HUSA) Director SCHOONOVER JAMES A sold on Jan 26 a total of 142,976 shares at $2.63 on average. The insider’s sale generated proceeds of almost $43960.

    Jefferies Financial Group Inc. (JEF) 10% Owner Jefferies Financial Group Inc. declared the purchase of shares taking place on Jan 12 at $10.00 for some 250,000 shares. The transaction amount was around $2.5 million.

    Alcoa Corporation (AA) Director Nevels James E bought on Jan 27 a total of 32,336 shares at $17.50 on average. The purchase cost the insider an estimated $7,000.

    Important Earnings

    Top US earnings releases scheduled for today include Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.21 per share from revenues of $7.75B in the three-month period.

    Analysts expect Synchrony Financial (NYSE:SYF) to report a net income (adjusted) of $0.91 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.55B.

    Chevron Corporation (CVX), due to announce earnings before the market opens today, is expected to report earnings of $0.07 per share from revenues of $26.2B recently concluded three-month period.

  • Profitable Stocks to Watch on a potentially Slow Day

    Profitable Stocks to Watch on a potentially Slow Day

    U.S markets are headed for a weak start to the day this morning. In early morning trading, the S&P 500, the Dow and the NASDAQ are all in the red. The weakness is in tandem with similar trends in the European markets where key markets are all in the red.

    The FTSE, the DAX, and the CAC 40 are all in the red this morning. This weakness follows data pointing to an increase in the number of COVID-19 infections and deaths. So far, the number of deaths from COVID-19 has crossed one million, and there is no clear cut solution to the problem at the moment. The fear of increased COVID-19 cases had dampened the mood in the market, even as investors wait for a possible stimulus package from the U.S government.

    The rising number of deaths has also affected the oil markets as crude oil prices drop due to the sustained decline in demand. According to an AxiCorp market strategist, investors are now watching for signs of demand increase in the U.S markets.

    Essentially, most markets are largely expected to trade in negative territory today. Despite the overall market weakness, there are stocks that are performing quite well this morning and are expected to do well in the day. Some of the top stock top performers this morning that could sustain momentum all through the day are as below:

    Westwater Resources Inc [NASDAQ: WWR]

    This is a top performer this morning and is up by over 50% pre-market.  The interesting aspect to it is that there is no major news driving the momentum. However, the stock, like others in its sector, has been gaining upside momentum lately.

    This is driven by increased demand for EV batteries as society increasingly adopts electric vehicles as a solution to fighting climate change. Part of this company’s portfolio is the exploration of lithium deposits, which are critical to the battery making process.

    Greenpro Capital Corp [NASDAQ: GRNQ]

    Greenpro Capital Corp is another top performer this afternoon and is up by over 50%. While there is no news around it, this stock is still riding on its earlier updates on its cryptoSX exchange and its Decentralized Finance businesses.  These are key growth areas as blockchain continues to revolutionize the finance world, and investors expect these two businesses to drive Greenpro business long term.

    LM Funding America Inc [NASDAQ: LMFA]

    LM Funding America Inc is also quite strong this morning and is up by over 21%. Like most top performers this morning, this is largely a price action driven move, triggered by an increase in buying volumes.