Arcadia Biosciences (NASDAQ:RKDA) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Arcadia Biosciences (NASDAQ:RKDAGet Free Report) in a report issued on Saturday. The brokerage set a “sell” rating on the basic materials company’s stock.

RKDA has been the subject of several other research reports. HC Wainwright cut their target price on Arcadia Biosciences from $10.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Lake Street Capital raised Arcadia Biosciences to a “strong-buy” rating in a research note on Tuesday, May 14th.

View Our Latest Stock Report on RKDA

Arcadia Biosciences Stock Performance

Shares of Arcadia Biosciences stock opened at $2.93 on Friday. Arcadia Biosciences has a one year low of $1.85 and a one year high of $5.60. The company has a market cap of $3.99 million, a price-to-earnings ratio of -0.57 and a beta of 0.70. The business’s 50 day moving average price is $2.38 and its 200 day moving average price is $2.61.

Arcadia Biosciences (NASDAQ:RKDAGet Free Report) last posted its earnings results on Thursday, May 9th. The basic materials company reported ($1.78) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.52) by $0.74. The company had revenue of $1.26 million during the quarter, compared to analysts’ expectations of $1.20 million. Arcadia Biosciences had a negative return on equity of 84.27% and a negative net margin of 129.74%. During the same quarter last year, the firm earned ($3.83) earnings per share. On average, analysts predict that Arcadia Biosciences will post -2.29 EPS for the current fiscal year.

About Arcadia Biosciences

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Arcadia Biosciences, Inc produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring.

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