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

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

Analyst Ratings Changes

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

Fold Stock Down 2.0%

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

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

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.