LMFA Stock Summary and Trading Ideas (LM Funding America | NASDAQ:LMFA)

LM Funding America Inc is a financial services company. The company provides funding to nonprofit community associations located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. Its products include Original Product and New Neighbor Guaranty. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It currently has two lines of business recently commenced cryptocurrency mining business and historical specialty finance business. The Company has two operating segments: Specialty Finance and Mining Operations, which generate the majority of its revenue.

LM Funding America trades on the NASDAQ stock market under the symbol LMFA.

As of April 18, 2024, LMFA stock price climbed to $2.67 with 22,732 million shares trading.

LMFA has a beta of 0.15, meaning it tends to be less sensitive to market movements. LMFA has a correlation of 0.00 to the broad based SPY ETF.

LMFA has a market cap of $6.52 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, LMFA stock traded as high as $46.86 and as low as $1.63.

The top ETF exchange traded funds that LMFA belongs to (by Net Assets): ONEQ, VXF.

LMFA has underperformed the market in the last year with a price return of -44.4% while the SPY ETF gained +22.3%. LMFA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.6% and -20.1%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

LMFA support price is $2.32 and resistance is $2.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LMFA stock will trade within this expected range on the day.