Fold (NASDAQ:FLD) Coverage Initiated at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald initiated coverage on Fold (NASDAQ:FLD) with an overweight rating and a price target of $6.50, indicating a potential upside of 47.39%.
• Other analysts also rated Fold positively, with HC Wainwright maintaining a "buy" rating at a $7.00 target and Northland Securities giving it a "strong-buy" rating with a $10.00 target.
• Fold's recent earnings report showed a loss of ($0.42) EPS, missing estimates by ($0.32).

Cantor Fitzgerald began coverage on shares of Fold (NASDAQ:FLD - Get Free Report) in a report issued on Monday,Benzinga reports. The firm set an "overweight" rating and a $6.50 price target on the stock. Cantor Fitzgerald's price objective indicates a potential upside of 47.39% from the stock's previous close.

A number of other equities analysts have also weighed in on the company. HC Wainwright reaffirmed a "buy" rating and set a $7.00 target price on shares of Fold in a research report on Monday, April 14th. Northland Capmk raised Fold to a "strong-buy" rating in a research report on Tuesday, May 27th. Finally, Northland Securities began coverage on Fold in a research report on Tuesday, May 27th. They issued an "outperform" rating and a $10.00 price target for the company.

Fold Price Performance

NASDAQ:FLD opened at $4.41 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.16 and a current ratio of 2.20. The stock's 50-day moving average is $4.51 and its 200-day moving average is $6.16. Fold has a 1-year low of $2.51 and a 1-year high of $14.00.

Fold (NASDAQ:FLD - Get Free Report) last announced 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 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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