Arcadia Biosciences (NASDAQ:RKDA) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a research report released on Saturday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Several other analysts also recently commented on the stock. HC Wainwright lowered their target price on shares of Arcadia Biosciences from $10.00 to $6.00 and set a buy rating for the company in a report on Thursday, May 23rd. Lake Street Capital upgraded shares of Arcadia Biosciences to a strong-buy rating in a report on Tuesday, May 14th.

Arcadia Biosciences Price Performance

Shares of RKDA stock traded down $0.25 on Friday, hitting $2.68. The stock had a trading volume of 5,546 shares, compared to its average volume of 11,039. The business has a 50 day moving average of $3.01 and a 200 day moving average of $2.63. The stock has a market cap of $3.64 million, a price-to-earnings ratio of -0.52 and a beta of 0.86. Arcadia Biosciences has a 12-month low of $1.85 and a 12-month high of $4.87.

Arcadia Biosciences (NASDAQ:RKDA) last announced its earnings results on Thursday, May 9th. The basic materials company reported ($1.78) EPS for the quarter, beating the consensus estimate of ($2.52) by $0.74. The company had revenue of $1.26 million during the quarter, compared to the consensus estimate of $1.20 million. Arcadia Biosciences had a negative net margin of 129.74% and a negative return on equity of 84.27%. During the same quarter in the prior year, the company posted ($3.83) earnings per share. As a group, research analysts expect that Arcadia Biosciences will post -2.29 earnings per share for the current fiscal year.

Arcadia Biosciences Company Profile

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.