HC Wainwright Reiterates Buy Rating for Fold (NASDAQ:FLD)

Fold (NASDAQ:FLD)‘s stock had its “buy” rating reiterated by stock analysts at HC Wainwright in a report released on Monday,Benzinga reports. They presently have a $7.00 price objective on the stock. HC Wainwright’s target price would suggest a potential upside of 291.06% from the stock’s current price.

Several other research firms have also recently commented on FLD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a research note on Thursday, January 22nd. Wall Street Zen upgraded Fold from a “sell” rating to a “hold” rating in a report 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 stock. According to data from MarketBeat.com, Fold has a consensus rating of “Moderate Buy” and an average target price of $7.83.

Fold Price Performance

NASDAQ:FLD opened at $1.79 on Monday. Fold has a 12-month low of $1.71 and a 12-month high of $14.00. The firm has a market cap of $86.47 million, a price-to-earnings ratio of -2.39 and a beta of 0.19. The company’s 50-day moving average is $2.52 and its two-hundred day moving average is $3.26. 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 issued its quarterly earnings results on Monday, November 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). The firm had revenue of $7.40 million for the quarter, compared to analyst estimates of $9.20 million.

Hedge Funds Weigh In On Fold

A number of hedge funds have recently made changes to their positions in FLD. Millennium Management LLC acquired a new stake in shares of Fold during the 3rd quarter worth $97,000. Shay Capital LLC purchased a new stake in Fold during the third quarter valued at about $92,000. Squarepoint Ops LLC acquired a new stake in Fold during the third quarter worth about $46,000. Union Square Park Capital Management LLC raised its holdings in shares of Fold by 50.7% in the 3rd quarter. Union Square Park Capital Management LLC now owns 89,130 shares of the company’s stock worth $344,000 after purchasing an additional 29,974 shares during the period. Finally, SevenBridge Financial Group LLC acquired a new position in shares of Fold in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

About Fold

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.