Research analysts at Cantor Fitzgerald started coverage on shares of Fold (NASDAQ:FLD - Get Free Report) in a research note issued to investors on Monday, MarketBeat reports. The firm set an "overweight" rating and a $6.50 price target on the stock. Cantor Fitzgerald's target price would suggest a potential upside of 52.40% from the company's previous close.
FLD has been the topic of several other research reports. Northland Capmk upgraded Fold to a "strong-buy" rating in a report on Tuesday, May 27th. Northland Securities began coverage on Fold in a report on Tuesday, May 27th. They issued an "outperform" rating and a $10.00 price target on the stock. Finally, HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of Fold in a report on Monday, April 14th.
View Our Latest Stock Analysis on FLD
Fold Price Performance
Shares of NASDAQ FLD traded up $0.04 during trading hours on Monday, reaching $4.27. The stock had a trading volume of 122,334 shares, compared to its average volume of 293,194. The business's fifty day moving average is $4.52 and its two-hundred day moving average is $6.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.16 and a current ratio of 2.20. Fold has a twelve month low of $2.51 and a twelve month high of $14.00.
Fold (NASDAQ:FLD - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.32).
Institutional Investors Weigh In On Fold
A hedge fund recently bought a new stake in Fold stock. FNY Investment Advisers LLC bought a new stake in Fold Holdings, Inc. (NASDAQ:FLD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,000 shares of the company's stock, valued at approximately $29,000. 56.89% of the stock is currently owned by hedge funds and other institutional investors.
Fold Company Profile
(
Get Free Report)
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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