Fold (NASDAQ:FLD) Announces Earnings Results, Beats Estimates By $0.06 EPS

Fold (NASDAQ:FLD) released its quarterly earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06, FiscalAI reports. Fold had a negative net margin of 258.60% and a negative return on equity of 116.17%. The business had revenue of $4.16 million for the quarter, compared to analyst estimates of $7.73 million.

Fold Stock Down 4.6%

Shares of FLD traded down $0.02 during trading hours on Tuesday, hitting $0.44. 51,764 shares of the company were exchanged, compared to its average volume of 808,757. The company has a market cap of $24.11 million, a price-to-earnings ratio of -0.29 and a beta of 0.35. Fold has a fifty-two week low of $0.36 and a fifty-two week high of $3.35. The firm’s fifty day moving average is $0.53 and its 200 day moving average is $0.92.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FLD. Cantor Fitzgerald reissued an “overweight” rating on shares of Fold in a report on Tuesday, September 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fold in a report on Friday, September 11th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fold presently has a consensus rating of “Hold” and a consensus target price of $2.40.

Key Stories Impacting Fold

Here are the key news stories impacting Fold this week:

• Neutral Sentiment: A report says Fold (FLD) is expected to announce earnings on Tuesday, but the link provides no results. The upcoming report could be a near-term catalyst, though its impact is unknown until results and guidance are available. Fold expected to announce earnings
• Neutral Sentiment: Other articles discuss Huawei’s MateBook Fold, Samsung’s Galaxy Z Fold and other folding-device products—not Fold Holdings’ business. They offer no evident direct catalyst for FLD. Huawei MateBook Fold S Samsung Galaxy Z Fold update

Fold Company Profile

Fold Holdings, Inc. (NASDAQ: FLD) is a financial technology company focused on making bitcoin more accessible through everyday financial products and services. Its platform is designed to allow consumers to earn, buy, sell, hold and use bitcoin alongside traditional financial tools. The company’s offerings have included a bitcoin rewards card, a mobile application and related services that enable users to receive bitcoin rewards from eligible purchases and manage their digital assets. Fold has also provided mechanisms for customers to purchase and transact in bitcoin, with products aimed primarily at individual consumers in the United States.