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

Stock analysts at StockNews.com assumed coverage on shares of Arcadia Biosciences (NASDAQ:RKDA) in a research report issued on Tuesday. The firm set a “sell” rating on the basic materials company’s stock.

A number of other equities analysts have also issued reports on RKDA. Lake Street Capital raised Arcadia Biosciences to a “strong-buy” rating in a research report on Tuesday, May 14th. HC Wainwright cut their price target on shares of Arcadia Biosciences from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd.

Arcadia Biosciences Stock Down 1.6 %

Shares of RKDA opened at $3.10 on Tuesday. The firm has a market cap of $4.22 million, a PE ratio of -0.60 and a beta of 0.86. The company’s fifty day moving average is $2.73 and its two-hundred day moving average is $2.61. Arcadia Biosciences has a fifty-two week low of $1.85 and a fifty-two week high of $5.60.

Arcadia Biosciences (NASDAQ:RKDA) last announced its quarterly earnings results on Thursday, May 9th. The basic materials company reported ($1.78) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.52) by $0.74. The firm had revenue of $1.26 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned ($3.83) EPS. As a group, equities research analysts anticipate that Arcadia Biosciences will post -2.29 earnings per share for the current 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.