Fold (NASDAQ:FLD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fold (NASDAQ:FLD) from a sell rating to a hold rating in a research report released on Sunday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Fold in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.83.

Fold Stock Down 3.2%

Shares of NASDAQ FLD opened at $3.00 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.87. The firm has a market cap of $144.93 million, a PE ratio of -4.00 and a beta of 0.17. The company’s fifty day simple moving average is $3.52 and its 200 day simple moving average is $3.94. Fold has a 12-month low of $2.51 and a 12-month high of $14.00.

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

Institutional Investors Weigh In On Fold

Several institutional investors have recently bought and sold shares of FLD. Golden State Wealth Management LLC bought a new position in Fold during the 2nd quarter valued at $25,000. FNY Investment Advisers LLC purchased a new stake in shares of Fold in the second quarter valued at about $29,000. North Capital Inc. bought a new position in shares of Fold during the second quarter valued at about $30,000. Aptus Capital Advisors LLC bought a new position in shares of Fold during the third quarter valued at about $39,000. Finally, SevenBridge Financial Group LLC purchased a new position in Fold during the third quarter worth about $39,000. Institutional investors own 56.89% of the company’s stock.

Fold Company Profile

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.