Stock fact sheet · data as of
Fold Holdings, Inc. (FLD): fair value, margin of safety and Wheel Score
Ticker symbol FLD · Financial Services · Financial - Capital Markets · United States · Class A common stock · Speculative
FLD is Fold Holdings, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is FLD undervalued?
FLD closed at 0.5386 on 5 Nov 2026, more than 30% above the GLS average fair value of 0.1056. Only 0 of the 1 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.
Only 1 of the nine models produced a value (DCF); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files FLD under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for FLD
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.1056 | -80% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -1.32 | -345% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 2.60 | +383% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - FLD passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 1.1 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC -49.1%, ROE -110.5%, ROA -45.3% - with debt at 1.25 times equity and negative free cash flow.
Fold Holdings, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Other Revenues 100% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 3/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 11 Sep 2026.
| Piotroski F-score | 5 / 9 | ROIC | -49.1% |
|---|---|---|---|
| GLS Moat | 1.1 / 10 | ROE | -110.5% |
| Debt / equity | 1.25 | ROA | -45.3% |
| Free-cash-flow yield | -82.8% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 3 · 5 / 10 |
Wheel Score 11: Weak
FLD scores 11 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (0 open interest, 0 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 410% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 6, no serious red flags - Red Flags score 55 (under 60); and filter 7, a premium worth selling - implied volatility 254% (over 80%); and filter 8, big enough - market cap $30M (under $1.0B); and filter 9, not a penny stock - price 0.54 (under $5), and the parts are thin too - value weak, premium weak, moat weak, health fair, red flags weak, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 254%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 0 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 64k shares a day on a market cap of $30M, with a beta of 0.35 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (0 open interest, 0 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 410% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Fails | Red Flags score 55 (under 60) |
| 7 | A premium worth selling | Fails | implied volatility 254% (over 80%) |
| 8 | Big enough | Fails | market cap $30M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 0.54 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 410% above fair value | |
| Premium | Weak | implied volatility 254% | |
| Moat | Weak | moat 1.1/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Weak | Red Flags score 55/100 | |
| Option trading | Weak | 0 contracts a day, 0 open interest | |
| Stability | Fair | beta 0.35, $30M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Fold Holdings, Inc. reports earnings on 10 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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| DOMH Dominari Holdings Inc. | 1.64 | 11.43 | +86% | 24Weak | $40M |
| ATCH AtlasClear Holdings, Inc. | 0.1403 | 0.1047 | -34% | 19No options | $21M |
| HGBL Heritage Global Inc. | 1.28 | 8.84 | +86% | 34No options | $44M |
| PLUT Plutus Financial Group Limited | 1.27 | 0.3573 | -255% | 9No options | $19M |
| CANG Cango Inc. | 1.22 | - | - | 10Weak | $48M |
| MATH Metalpha Technology Holding Limited | 1.04 | 6.44 | +84% | 28No options | $49M |
| MDBH MDB Capital Holdings, LLC Class A common | 1.55 | 1.03 | -51% | 13No options | $16M |
| BTCS BTCS Inc. | 1.04 | 0.7425 | -40% | 9Weak | $55M |
| GSIW Garden Stage Limited | 10.50 | - | - | 10No options | $15M |
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Start free See the Sunday ScanQuestions about FLD
What kind of share is FLD?
FLD is Fold Holdings, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is FLD undervalued right now?
No: at 0.5386 the stock trades 410% above the GLS average fair value of 0.1056 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of FLD and what does it mean?
FLD scores 11 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 3, 4, 6, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for FLD?
0.1056 per share as of 5 Nov 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Fold Holdings, Inc. report earnings next?
The next earnings report is due on 10 Nov 2026 (after the close), 5 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does FLD have listed options, and how liquid are they?
Yes. The nightly snapshot found 2 listed contracts with 0 open interest across all expiries and implied volatility of 254% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.