HC Wainwright Begins Coverage on FTAC Emerald Acquisition (NASDAQ:FLD)

Stock analysts at HC Wainwright assumed coverage on shares of FTAC Emerald Acquisition (NASDAQ:FLD) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. HC Wainwright’s target price indicates a potential upside of 61.10% from the company’s current price.

FTAC Emerald Acquisition Stock Performance

Shares of FLD stock traded down $0.37 during mid-day trading on Monday, hitting $4.35. 31,983 shares of the stock traded hands, compared to its average volume of 102,191. FTAC Emerald Acquisition has a 52-week low of $4.13 and a 52-week high of $14.00. The stock’s fifty day moving average is $8.17 and its two-hundred day moving average is $10.01.

FTAC Emerald Acquisition Company Profile

FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses or assets operating in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.