Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report)'s stock price traded up 0.3% during mid-day trading on Monday . The company traded as high as $3.36 and last traded at $3.30. 137,683 shares traded hands during trading, a decline of 63% from the average session volume of 367,191 shares. The stock had previously closed at $3.29.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Cantor Fitzgerald initiated coverage on Fold in a report on Monday, July 28th. They set an "overweight" rating and a $6.50 price target on the stock. Wall Street Zen upgraded Fold from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. Northland Capmk upgraded Fold to a "strong-buy" rating in a research report on Tuesday, May 27th. Finally, Northland Securities initiated coverage on Fold in a research report on Tuesday, May 27th. They set an "outperform" rating and a $10.00 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $7.83.
Read Our Latest Research Report on Fold
Fold Price Performance
The company has a debt-to-equity ratio of 0.90, a current ratio of 1.60 and a quick ratio of 1.58. The business has a 50-day simple moving average of $3.89 and a 200 day simple moving average of $4.52.
Fold (NASDAQ:FLD - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.08). The company had revenue of $8.18 million during the quarter, compared to analysts' expectations of $8.07 million.
Hedge Funds Weigh In On Fold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLD. Golden State Wealth Management LLC bought a new position in Fold during the second quarter valued at approximately $25,000. FNY Investment Advisers LLC bought a new position in Fold during the second quarter valued at approximately $29,000. North Capital Inc. bought a new position in Fold during the second quarter valued at approximately $30,000. Harvest Portfolios Group Inc. bought a new position in Fold during the second quarter valued at approximately $43,000. Finally, Van Hulzen Asset Management LLC bought a new position in Fold during the second quarter valued at approximately $43,000. 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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