FTAC Emerald Acquisition (NASDAQ:FLD) Now Covered by Analysts at HC Wainwright

HC Wainwright assumed coverage on shares of FTAC Emerald Acquisition (NASDAQ:FLD) in a report issued on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $7.00 price target on the stock. HC Wainwright’s price target indicates a potential upside of 61.10% from the company’s previous close.

FTAC Emerald Acquisition Stock Down 7.7 %

NASDAQ:FLD traded down $0.37 during trading hours on Monday, hitting $4.35. 31,983 shares of the company were exchanged, 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 company’s 50 day moving average price is $8.17 and its 200-day moving average price is $10.01.

About FTAC Emerald Acquisition

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.