Arcadia Biosciences (RKDA) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Arcadia Biosciences in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RKDA shares.
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1 Wall Street research analysts have issued 1 year price targets for Arcadia Biosciences' shares. Their RKDA share price forecasts range from $18.00 to $20.00. On average, they expect the company's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 294.2% from the stock's current price.
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Arcadia Biosciences' stock was trading at $0.2710 at the beginning of 2023. Since then, RKDA shares have increased by 1,678.6% and is now trading at $4.82.
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Arcadia Biosciences saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 12,400 shares, a decrease of 69.8% from the April 30th total of 41,000 shares. Based on an average daily volume of 167,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our RKDA earnings forecast.

Arcadia Biosciences, Inc. (NASDAQ:RKDA) announced its earnings results on Thursday, March, 30th. The basic materials company reported ($6.31) earnings per share (EPS) for the quarter. The basic materials company had revenue of $1 million for the quarter. Arcadia Biosciences had a negative trailing twelve-month return on equity of 63.53% and a negative net margin of 245.87%.

Arcadia Biosciences's stock reverse split on the morning of Wednesday, January 24th 2018. The 1-20 reverse split was announced on Tuesday, January 23rd 2018. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, January 23rd 2018. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

1 employees have rated Arcadia Biosciences Chief Executive Officer Matthew Plavan on Glassdoor.com. Matthew Plavan has an approval rating of -100% among the company's employees. This puts Matthew Plavan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arcadia Biosciences investors own include Bionano Genomics (BNGO), ADMA Biologics (ADMA), Zosano Pharma (ZSAN), Gran Tierra Energy (GTE), Matinas BioPharma (MTNB), Organigram (OGI), Pennsylvania Real Estate Investment Trust (PEI), Novan (NOVN), CNBX Pharmaceuticals (CNBX) and Enerplus (ERF).

(RKDA) raised $66 million in an initial public offering (IPO) on Friday, May 15th 2015. The company issued 8,200,000 shares at $8.00 per share. Credit Suisse, J.P. Morgan and Piper Jaffray acted as the underwriters for the IPO.

Arcadia Biosciences trades on the NASDAQ under the ticker symbol "RKDA."

Arcadia Biosciences' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Armistice Capital LLC (9.62%), Sabby Management LLC (6.16%), State Street Corp (1.42%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Pamela Haley, Stanley Jacot Jr and Thomas J Schaefer.
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Shares of RKDA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RKDA stock can currently be purchased for approximately $4.82.

Arcadia Biosciences (NASDAQ:RKDA) has a market capitalization of $4.15 million and generates $9.96 million in revenue each year. The basic materials company earns $-15,380,000.00 in net income (profit) each year or ($28.77) on an earnings per share basis.

Arcadia Biosciences' mailing address is 202 COUSTEAU PLACE SUITE 105, DAVIS CA, 85018. The official website for the company is www.arcadiabio.com. The basic materials company can be reached via phone at (530) 756-7077, via email at ir@arcadiabio.com, or via fax at 530-756-7027.