Shares of Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) fell 7.3% during mid-day trading on Monday . The company traded as low as $3.64 and last traded at $3.68. 316,422 shares were traded during trading, an increase of 101% from the average session volume of 157,155 shares. The stock had previously closed at $3.97.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on FLD. Northland Securities began coverage on Fold in a research report on Tuesday, May 27th. They set an "outperform" rating and a $10.00 price target for the company. Northland Capmk upgraded Fold to a "strong-buy" rating in a report on Tuesday, May 27th. Finally, Cantor Fitzgerald started coverage on Fold in a report on Monday, July 28th. They issued an "overweight" rating and a $6.50 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, Fold currently has a consensus rating of "Buy" and a consensus target price of $7.83.
Read Our Latest Stock Report on FLD
Fold Stock Down 0.3%
The company has a quick ratio of 1.58, a current ratio of 1.60 and a debt-to-equity ratio of 0.90. The company has a fifty day moving average price of $4.30 and a two-hundred day moving average price of $5.22.
Fold (NASDAQ:FLD - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.08). The firm had revenue of $8.18 million during the quarter, compared to analyst estimates of $8.07 million.
Institutional Investors Weigh In On Fold
Several hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. purchased a new stake in shares of Fold during the second quarter valued at $445,000. Van Hulzen Asset Management LLC purchased a new stake in shares of Fold during the second quarter valued at $43,000. DLD Asset Management LP purchased a new stake in shares of Fold during the second quarter valued at $102,000. Geode Capital Management LLC purchased a new stake in shares of Fold during the second quarter valued at $749,000. Finally, Harvest Portfolios Group Inc. purchased a new stake in shares of Fold during the second quarter valued at $43,000. 56.89% of the stock is 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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