Borealis Foods (NASDAQ:BRLS) Stock Price Up 1.7% - Should You Buy?

Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report) rose 1.7% during mid-day trading on Wednesday . The stock traded as high as $3.55 and last traded at $3.50. Approximately 2,284 shares changed hands during trading, a decline of 88% from the average daily volume of 19,109 shares. The stock had previously closed at $3.44.

Borealis Foods Trading Up 1.5%

The firm has a market cap of $73.55 million, a price-to-earnings ratio of -3.47 and a beta of 0.30. The company's 50-day moving average is $4.62 and its 200-day moving average is $5.55.

Borealis Foods (NASDAQ:BRLS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $6.85 million for the quarter. Borealis Foods had a negative return on equity of 892.35% and a negative net margin of 79.21%.

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.