Traders Purchase High Volume of Fold Call Options (NASDAQ:FLD)
by Danessa Lincoln · The Markets DailyFold Holdings, Inc. (NASDAQ:FLD – Get Free Report) was the target of unusually large options trading on Thursday. Stock traders purchased 2,620 call options on the company. This is an increase of 423% compared to the typical volume of 501 call options.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fold in a report on Monday, June 15th. HC Wainwright lowered their price target on shares of Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Wall Street Zen upgraded shares of Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Cantor Fitzgerald cut their price objective on shares of Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Finally, Northland Securities set a $3.50 price objective on shares of Fold in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.73.
Get Our Latest Stock Analysis on Fold
Fold Price Performance
FLD stock remained flat at $0.48 during mid-day trading on Friday. The company’s stock had a trading volume of 173,936 shares, compared to its average volume of 6,800,254. The company has a 50-day moving average price of $0.98 and a two-hundred day moving average price of $1.51. Fold has a 1-year low of $0.44 and a 1-year high of $4.73. The stock has a market capitalization of $24.45 million, a P/E ratio of -0.45 and a beta of 0.36.
Fold (NASDAQ:FLD – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.43). The firm had revenue of $5.59 million during the quarter, compared to analysts’ expectations of $9.99 million. Fold had a negative return on equity of 90.99% and a negative net margin of 164.63%. Analysts expect that Fold will post -0.64 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Jonathan Kirkwood purchased 105,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $0.61 per share, with a total value of $64,050.00. Following the transaction, the director directly owned 457,295 shares of the company’s stock, valued at approximately $278,949.95. This represents a 29.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders acquired 123,500 shares of company stock valued at $84,890 and sold 94,873 shares valued at $112,889. 23.08% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in FLD. Shay Capital LLC purchased a new position in Fold during the third quarter worth about $92,000. Millennium Management LLC purchased a new stake in shares of Fold in the 3rd quarter valued at about $97,000. State Street Corp raised its holdings in shares of Fold by 110.8% in the 4th quarter. State Street Corp now owns 78,200 shares of the company’s stock valued at $204,000 after acquiring an additional 41,100 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Fold during the 2nd quarter valued at about $749,000. Finally, Abel Hall LLC bought a new stake in shares of Fold during the 1st quarter valued at about $31,000. Institutional investors own 56.89% of the company’s stock.
Fold News Roundup
Here are the key news stories impacting Fold this week:
- Positive Sentiment: Fold saw a sharp increase in call-option buying, with traders purchasing 2,620 call contracts versus the usual 501, suggesting speculative bullish interest in the stock. This kind of activity can sometimes precede a short-term move higher.
- Neutral Sentiment: Multiple articles highlighted Samsung’s upcoming Galaxy Z Fold 8 family, including wider designs, an “Ultra” model, new display specs, dummy units, and leaked screen protectors/cases. These reports are not directly tied to Fold Holdings’ fundamentals, but they may be contributing to search-driven attention around the ticker name.
- Neutral Sentiment: Additional coverage noted leaked pricing and rumored launch timing for Samsung’s foldables, reinforcing the broader foldable-phone news cycle without providing a direct business catalyst for Fold Holdings.
- Negative Sentiment: The stock remains well below its recent levels and far under its 50-day and 200-day moving averages, reflecting persistent weakness. Fold also recently missed earnings expectations by a wide margin, which continues to weigh on sentiment.
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.