Fold (FLD) Projected to Post Quarterly Earnings on Tuesday

Key Points

• Fold (NASDAQ:FLD) is expected to announce its quarterly earnings on August 12th, with analysts predicting an earnings loss of ($0.10) per share and revenue of $8.07 million.
• In its last earnings report, Fold reported a loss of ($0.42) EPS, missing analyst expectations significantly.
• Recent analyst upgrades suggest a positive outlook, with Northland Securities setting a price target of $10.00 and maintaining an "outperform" rating for Fold.

Fold (NASDAQ:FLD - Get Free Report) will likely be announcing its earnings results after the market closes on Tuesday, August 12th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $8.07 million for the quarter. Fold has set its FY 2025 guidance at EPS.

Fold (NASDAQ:FLD - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.32).

Fold Price Performance

FLD stock traded down $0.15 during midday trading on Tuesday, hitting $4.09. The stock had a trading volume of 95,050 shares, compared to its average volume of 288,445. Fold has a 52 week low of $2.51 and a 52 week high of $14.00. The stock has a 50-day simple moving average of $4.49 and a 200 day simple moving average of $5.88. The company has a quick ratio of 2.16, a current ratio of 2.20 and a debt-to-equity ratio of 0.91.

Analyst Upgrades and Downgrades

FLD has been the subject of a number of analyst reports. Northland Securities initiated coverage on Fold in a report on Tuesday, May 27th. They set an "outperform" rating and a $10.00 price objective for the company. Northland Capmk raised Fold to a "strong-buy" rating in a report on Tuesday, May 27th. HC Wainwright reissued a "buy" rating and set a $7.00 price objective on shares of Fold in a report on Monday, April 14th. Finally, Cantor Fitzgerald started coverage on Fold in a report on Monday, July 28th. They set an "overweight" rating and a $6.50 price objective for the company.

Fold Company Profile

FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses or assets operating in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.

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