Fold (NASDAQ:FLD) Posts Earnings Results, Beats Expectations By $0.06 EPS

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

Fold Stock Down 4.6%

Shares of NASDAQ:FLD traded down $0.02 during trading on Tuesday, hitting $0.44. 51,764 shares of the company were exchanged, compared to its average volume of 808,757. Fold has a 1-year low of $0.36 and a 1-year high of $3.35. The company has a market capitalization of $24.11 million, a P/E ratio of -0.29 and a beta of 0.35. The business’s 50 day moving average is $0.53 and its 200-day moving average is $0.92.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FLD. Cantor Fitzgerald restated an “overweight” rating on shares of Fold in a research note on Tuesday, September 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fold in a research note on Friday, September 11th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.40.

Fold News Roundup

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.