At 8:55:00 AM ET on March 11, 2024, the trading halt on EFTR was lifted, allowing quotations to resume. This pause was necessary due to pending important news or regulatory issues, which could result in higher volatility once trading resumed. The trading halt was officially lifted at 8:55:00 AM ET, with quotation resumption times adjusted accordingly after the news was released.
LM Funding America, Inc. (LMFA) Stock Surges 30% on March 12, 2024: What Investors Need to Know
On March 12, 2024, LM Funding America, Inc. (LMFA) saw a significant increase in its stock performance. LMFA is currently trading in the middle of its 52-week range and above its 200-day simple moving average, indicating a relatively stable position in terms of its long-term performance.
The price of LMFA shares increased by $0.13 since the market last closed, representing a 30.27% rise in the stock price to $0.57. In pre-market trading, LMFA saw a further increase of $2.85 in its stock price.
This surge in LMFA’s stock performance could be attributed to positive news or developments related to the company, changes in market conditions, or increased investor interest. Investors who held LMFA shares likely saw a significant increase in the value of their investment on this day.
Stock prices are volatile and subject to fluctuations based on various factors. Investors should conduct thorough research, consider their risk tolerance, and consult with a financial advisor before making investment decisions. The strong performance of LMFA on March 12, 2024, highlights the potential for gains in the stock market and the risks associated with investing in individual stocks.
LMFA Stock Performance Review: Decline in Revenue and Net Income, Investors Await Turnaround
LMFA stock had a mixed performance on March 12, 2024, as the company reported its financial results for the past year and the third quarter. According to data from CNN Money, LMFA’s total revenue for the past year was $1.67 million, which represented an 88.64% decrease compared to the previous year. However, the total revenue for the third quarter was $3.42 million, showing a 7.06% increase compared to the previous quarter.
In terms of net income, LMFA reported a net loss of $29.24 million for the past year, which was a significant decrease of 714.39% compared to the previous year. However, the net loss for the third quarter was $4.42 million, showing a 2.91% increase compared to the previous quarter.
Earnings per share (EPS) for LMFA also saw a decline over the past year. The EPS for the past year was -$2.23, which represented a 472.22% decrease compared to the previous year. However, the EPS for the third quarter was -$0.33, showing a 5.04% increase compared to the previous quarter.
Investors will be closely monitoring LMFA’s future financial results to see if the company can turn around its performance and drive growth in the coming quarters.
