Fold (NASDAQ:FLD) Receives Sell (D) Rating from Weiss Ratings

Fold (NASDAQ:FLD)‘s stock had its “sell (d)” rating reissued by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Fold from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Cantor Fitzgerald started coverage on shares of Fold in a research note on Monday, July 28th. They issued an “overweight” rating and a $6.50 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.83.

Fold Stock Performance

Fold stock opened at $4.11 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.58 and a current ratio of 1.60. Fold has a 52-week low of $2.51 and a 52-week high of $14.00. The firm has a 50 day moving average price of $3.75 and a two-hundred day moving average price of $4.24.

Fold (NASDAQ:FLD) last released its quarterly 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 business had revenue of $8.18 million for the quarter, compared to analysts’ expectations of $8.07 million.

Institutional Trading of Fold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in Fold during the 2nd quarter valued at $25,000. FNY Investment Advisers LLC bought a new stake in Fold during the 2nd quarter valued at $29,000. North Capital Inc. bought a new stake in Fold during the 2nd quarter valued at $30,000. Harvest Portfolios Group Inc. bought a new stake in Fold during the 2nd quarter valued at $43,000. Finally, Van Hulzen Asset Management LLC purchased a new position in Fold during the 2nd quarter worth $43,000. Institutional investors own 56.89% of the company’s stock.

About Fold

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.