Arcadia Biosciences (NASDAQ:RKDA) Share Price Crosses Above 50 Day Moving Average of $2.87

Shares of Arcadia Biosciences, Inc. (NASDAQ:RKDA) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.87 and traded as high as $2.94. Arcadia Biosciences shares last traded at $2.88, with a volume of 12,005 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RKDA shares. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Arcadia Biosciences in a research report on Wednesday, August 21st. StockNews.com started coverage on Arcadia Biosciences in a research report on Thursday. They issued a “sell” rating on the stock.

Arcadia Biosciences Stock Up 0.4 %

The company has a market capitalization of $3.79 million, a P/E ratio of -0.54 and a beta of 1.34. The company has a 50-day moving average of $2.87 and a two-hundred day moving average of $2.67.

Arcadia Biosciences (NASDAQ:RKDA) last released its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.49). Arcadia Biosciences had a negative net margin of 127.29% and a negative return on equity of 57.51%. The firm had revenue of $1.31 million for the quarter, compared to the consensus estimate of $0.95 million. During the same quarter in the prior year, the firm earned ($2.64) earnings per share. As a group, equities analysts expect that Arcadia Biosciences, Inc. will post -1.7 EPS 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.