Longfin (LFIN): What's Happening With The Stock?

3:21 pm ET, 17 Apr 2018

Longfin Corp (NASDAQ: LFIN) stock surged over 47% in today's trading. What do you need to know about Longfin, and what’s the LFIN stock prospect? 

Longfin is an US-based fintech that turned into a crypto business. It uses the blockchain technology to provide global trade finance solutions to SMEs, processors, manufacturers, importers, and exporters.

The company's stock surged significantly after rebranding as a blockchain business last year. It did not file its quarterly report on time, which landed it into trouble with the US regulators. NASDAQ issued Longfin a noncompliance letter because of this.

The firm has also been ousted from the Russell 2000 Index. This happened after certain accountants resigned two weeks after joining the company. They spotted that the company's financial reporting had some material weaknesses.

More than $27 Million of Longfin shares sales proceeds were suspended after the U.S. Securities and Exchange Commission got a court order. The reason behind this was illegal gains from insider trades. 

The company's acquisition of Ziddu.com is also being investigated by the agency. In order to get its filing deadline extended to July 9, the firm now intends to submit a compliance plan to NASDAQ.

Check out the latest news on Longfin Corp here.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finny Bites, please send us an email at hi@askfinny.com.

LongFin Corp (LFIN) Stock Guide

Updated at: 2:05 am ET, 13 Jul 2020

Before we start: if you're looking for LFIN stock price, you can quickly find it out by visiting Finny and typing "LFIN quote". If you're looking for a quick scoop on LFIN stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "LFIN". You'll get all this info in one place. Or you can just type "LFIN news" to get the latest stock news.

Looking to buy or sell LongFin Corp (LFIN)? Interested in getting the full scoop on LFIN, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this LFIN stock guide, we'll address key questions about LFIN, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are LFIN earnings?
2. LFIN buy or sell? What is LFIN Finny Score?
3. What are the reasons to buy LFIN? Why should I buy LFIN stock?
4. What are the reasons to sell LFIN? Why should I sell LFIN stock?
5. What are LFIN key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are LFIN earnings?

LFIN trailing 12-month earnings per share (EPS) is -$0.26.

Analysis

2. LFIN buy or sell? What is LFIN Finny Score?

#{finnyScore:63}Our quantitative analysis shows 5 reasons to buy and 3 reasons to sell LFIN, resulting in Finny Score of 63.

3. What are the reasons to buy LFIN? Why should I buy LFIN stock?

Here are the reasons to buy LFIN stock:

4. What are the reasons to sell LFIN? Why should I sell LFIN stock?

Let's look at the reasons to sell LFIN stock (i.e., the bear case):

  • LFIN short share of float is 44.10%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See LFIN short share of float chart.
  • LFIN short interest (days to cover the shorts) ratio is 1.57. The stock garners more short interest than the average industry, sector or S&P 500 stock. See LFIN short interest ratio chart.
  • LFIN cash to debt ratio is 0.11, lower than the average industry (0.16) and sector (0.17) cash to debt ratio. See LFIN cash to debt chart.

Key Stats

5. What are LFIN key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for LFIN:

Metrics LFIN
Price $0.00
Average Price Target / Upside N/A
Average Analyst Rating N/A
Forward Dividend Yield 0.00%
Industry Software - Application
Sector Technology
Number of Employees 18
Market Cap $22.36M
Forward P/E Ratio N/A
Price/Book Ratio 0.13
Revenue (TTM) $166.73M
YoY Quarterly Revenue Growth 365.10%
Profit Margin -11.97%

If you liked this analysis, check out Stock Guides for other stocks.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finny Bites, please send us an email at hi@askfinny.com.

Use Finny to ask any finance or investment question. Big or small. Personal or general.
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