Fold (NASDAQ:FLD) Shares Down 2% - Should You Sell?

Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) traded down 2% on Friday . The company traded as low as $4.41 and last traded at $4.50. 958,770 shares were traded during trading, an increase of 401% from the average session volume of 191,394 shares. The stock had previously closed at $4.59.

Analyst Upgrades and Downgrades

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

Fold Price Performance

The company has a current ratio of 2.20, a quick ratio of 2.16 and a debt-to-equity ratio of 0.91. The stock's fifty day moving average is $4.26 and its 200 day moving average is $7.29.

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

About Fold

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.