Borealis Foods (NASDAQ:BRLS) Trading Down 0.9% - What's Next?

Key Points

• Borealis Foods Inc. (NASDAQ:BRLS) shares dropped by 0.9% to close at $3.30, with a significantly low trading volume of 5,990 shares compared to the average of 309,970 shares.
• Weiss Ratings assigned a "sell (e+)" rating to Borealis Foods, contributing to an overall average rating of "Sell" for the stock.
• The company reported a negative earnings per share of ($0.21) and a net margin of -68.06% in its latest earnings release, indicating ongoing financial difficulties.

Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report) shares fell 0.9% on Wednesday . The stock traded as low as $3.30 and last traded at $3.30. 5,990 shares were traded during trading, a decline of 98% from the average session volume of 309,970 shares. The stock had previously closed at $3.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Borealis Foods in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Borealis Foods Stock Down 0.9%

The stock has a 50 day simple moving average of $2.94 and a two-hundred day simple moving average of $3.96. The stock has a market capitalization of $70.55 million, a P/E ratio of -3.63 and a beta of 0.26.

Borealis Foods (NASDAQ:BRLS - Get Free Report) last released its earnings results on Tuesday, August 19th. The company reported ($0.21) earnings per share for the quarter. Borealis Foods had a negative net margin of 68.06% and a negative return on equity of 892.35%. The firm had revenue of $7.19 million during the quarter.

Borealis Foods Company Profile

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.

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