Fold (NASDAQ:FLD) Receives Buy Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Fold (NASDAQ:FLD) in a research report released on Monday morning,Benzinga reports. The firm currently has a $7.00 price objective on the stock.

A number of other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Fold from a “sell” rating to a “hold” rating in a research note on Sunday, November 30th. One investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.83.

Fold Price Performance

FLD stock opened at $1.54 on Monday. The business has a 50 day moving average price of $2.49 and a 200 day moving average price of $3.24. 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 stock has a market cap of $74.40 million, a price-to-earnings ratio of -2.05 and a beta of 0.19. Fold has a fifty-two week low of $1.54 and a fifty-two week high of $14.00.

Fold (NASDAQ:FLD) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of Fold during the second quarter worth about $25,000. FNY Investment Advisers LLC acquired a new position in Fold in the 2nd quarter valued at about $29,000. North Capital Inc. acquired a new stake in Fold during the 2nd quarter worth approximately $30,000. Aptus Capital Advisors LLC acquired a new stake in Fold during the 3rd quarter worth approximately $39,000. Finally, SevenBridge Financial Group LLC purchased a new position in shares of Fold in the 3rd quarter valued at approximately $39,000. 56.89% of the stock is currently owned by institutional investors and hedge funds.

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.