HC Wainwright Reaffirms “Buy” Rating for Fold (NASDAQ:FLD)

Fold (NASDAQ:FLD)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research report issued on Monday,Benzinga reports. They presently have a $7.00 price target on the stock. HC Wainwright’s target price points to a potential upside of 341.64% from the stock’s current price.

A number of other equities research analysts have also issued reports on FLD. Wall Street Zen upgraded shares of Fold from a “sell” rating to a “hold” rating in a report on Sunday, November 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.83.

Fold Trading Up 2.9%

Shares of FLD opened at $1.59 on Monday. The business’s 50-day moving average price is $2.46 and its 200 day moving average price is $3.22. The stock has a market capitalization of $76.57 million, a P/E ratio of -2.11 and a beta of 0.19. Fold has a 1-year low of $1.47 and a 1-year high of $14.00. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.87.

Fold (NASDAQ:FLD) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). The business had revenue of $7.40 million for the quarter, compared to the consensus estimate of $9.20 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in Fold in the 2nd quarter worth approximately $25,000. North Capital Inc. purchased a new position in shares of Fold during the 2nd quarter valued at $30,000. FNY Investment Advisers LLC acquired a new position in shares of Fold in the second quarter worth $29,000. SevenBridge Financial Group LLC acquired a new position in shares of Fold in the third quarter worth $39,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Fold during the third quarter worth $39,000. 56.89% of the stock is owned by hedge funds and other institutional investors.

Fold Company Profile

Fold, trading under the ticker FLD on the NASDAQ, is a financial technology company specializing in bitcoin rewards and cryptocurrency-based consumer products. The company’s core offering enables users to earn bitcoin on everyday purchases through a prepaid Visa debit card, converting traditional currency transactions into bitcoin rewards at no extra cost. By partnering with major payment networks and merchant platforms, Fold aims to bridge the gap between mainstream spending and digital asset adoption.

Beyond the debit card, Fold offers a mobile application that integrates with the Bitcoin Lightning Network to facilitate faster and more cost-efficient transactions.