Arcadia Biosciences (NASDAQ:RKDA) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Arcadia Biosciences, Inc. (NASDAQ:RKDAGet Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.60 and traded as low as $0.4501. Arcadia Biosciences shares last traded at $0.4797, with a volume of 34,400 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Arcadia Biosciences from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Research Report on RKDA

Arcadia Biosciences Stock Up 2.0%

The business’s 50 day moving average is $0.60 and its 200-day moving average is $1.03. The firm has a market cap of $1.16 million, a P/E ratio of -0.11 and a beta of 0.53.

Arcadia Biosciences (NASDAQ:RKDAGet Free Report) last announced its quarterly earnings data on Thursday, August 13th. The basic materials company reported ($2.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($1.53). Arcadia Biosciences had a negative return on equity of 183.50% and a negative net margin of 234.53%.The firm had revenue of $1.44 million for the quarter, compared to the consensus estimate of $1.90 million.

Arcadia Biosciences Company Profile

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Arcadia Biosciences, Inc, founded in 2002 and headquartered in Davis, California, is an agricultural biotechnology company dedicated to developing crops and food ingredients that promote health and sustainability. By harnessing advanced genomics and precision‐breeding technologies, Arcadia creates proprietary trait platforms designed to enhance crop performance, nutritional value, and resilience to environmental stressors. The company’s scientific expertise focuses on non-transgenic approaches, enabling the delivery of novel traits without introducing foreign DNA.

Arcadia’s operations span two main segments: Crop Traits and Food Ingredients.

Further Reading

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