Borealis Foods (NASDAQ:BRLS) Trading Up 2.8% – Still a Buy?

Borealis Foods Inc. (NASDAQ:BRLS)’s stock price was up 2.8% during mid-day trading on Tuesday . The company traded as high as $1.55 and last traded at $1.45. Approximately 3,386 shares changed hands during trading, a decline of 78% from the average daily volume of 15,214 shares. The stock had previously closed at $1.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Borealis Foods in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Borealis Foods Stock Performance

The company has a market capitalization of $31.12 million, a P/E ratio of -1.69 and a beta of 0.26. The business has a 50 day moving average of $1.46 and a 200-day moving average of $2.07.

About Borealis Foods

Borealis Foods Inc operates as a food technology company that develops plant-based ready-to-eat meals. The company also developed ambient ready-to-eat high-protein meals for U.S. and global humanitarian food programs. Its products include Chef Woo, a plant based instant ramen meals that provides with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles. The company distributes its products via retail partners across the U.S., Canada, Mexico and Europe and also sells its products online.