Fold (NASDAQ:FLD) Trading Down 2% – What’s Next?

Fold Holdings, Inc. (NASDAQ:FLDGet Free Report)’s stock price was down 2% during mid-day trading on Friday . The stock traded as low as $4.41 and last traded at $4.50. Approximately 958,770 shares were traded during trading, an increase of 401% from the average daily volume of 191,394 shares. The stock had previously closed at $4.59.

Analysts Set New Price Targets

Several research firms have commented on FLD. Northland Capmk raised shares of Fold to a “strong-buy” rating in a research report on Tuesday, May 27th. HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of Fold in a research report on Monday, April 14th. Finally, Northland Securities started coverage on shares of Fold in a research note on Tuesday, May 27th. They set an “outperform” rating and a $10.00 price target for the company.

Get Our Latest Stock Report on Fold

Fold Price Performance

The company has a quick ratio of 2.16, a current ratio of 2.20 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average is $4.24 and its two-hundred day moving average is $7.39.

Fold (NASDAQ:FLDGet Free Report) last released its 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

(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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