Fold (NASDAQ:FLD - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.08), Zacks reports. The business had revenue of $8.18 million during the quarter, compared to the consensus estimate of $8.07 million.
Fold Price Performance
NASDAQ:FLD traded down $0.15 during midday trading on Friday, hitting $3.97. 271,407 shares of the company were exchanged, compared to its average volume of 157,155. The company has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $5.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.60 and a quick ratio of 1.58. Fold has a fifty-two week low of $2.51 and a fifty-two week high of $14.00.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on FLD. Northland Securities began coverage on shares of Fold in a research report on Tuesday, May 27th. They issued an "outperform" rating and a $10.00 price objective for the company. Northland Capmk raised shares of Fold to a "strong-buy" rating in a report on Tuesday, May 27th. Finally, Cantor Fitzgerald initiated coverage on Fold in a report on Monday, July 28th. They issued an "overweight" rating and a $6.50 price objective for the company.
Read Our Latest Analysis on Fold
Institutional Investors Weigh In On Fold
A hedge fund recently bought a new stake in Fold stock. Baird Financial Group Inc. bought a new stake in Fold Holdings, Inc. (NASDAQ:FLD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 105,150 shares of the company's stock, valued at approximately $445,000. Baird Financial Group Inc. owned approximately 0.23% of Fold at the end of the most recent reporting period. 56.89% of the stock is owned by institutional investors.
About Fold
(
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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