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 twelve months. 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 equities research analysts have issued twelve-month target prices for Arcadia Biosciences' shares. Their RKDA share price forecasts range from $3.00 to $3.50. On average, they expect the company's stock price to reach $3.25 in the next twelve months. This suggests a possible upside of 484.3% from the stock's current price.
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Arcadia Biosciences' stock was trading at $1.04 on January 1st, 2022. Since then, RKDA shares have decreased by 46.5% and is now trading at $0.5562.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 21st 2022.
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Arcadia Biosciences, Inc. (NASDAQ:RKDA) issued its earnings results on Thursday, August, 11th. The basic materials company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.31) by $0.14. The basic materials company earned $3.86 million during the quarter, compared to analyst estimates of $2.28 million. Arcadia Biosciences had a negative trailing twelve-month return on equity of 80.56% and a negative net margin of 169.65%. During the same quarter in the previous year, the company earned ($0.26) earnings per share.

Arcadia Biosciences shares 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 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 served as the underwriters for the IPO.

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

Arcadia Biosciences' stock is owned by a variety of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (0.58%), Millennium Management LLC (0.11%), Group One Trading L.P. (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Lilian Shackelford Murray, Matthew T Plavan, Pamela Haley and Sarah Reiter.
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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 $0.56.

Arcadia Biosciences (NASDAQ:RKDA) has a market capitalization of $12.34 million and generates $6.78 million in revenue each year. The basic materials company earns $-14,660,000.00 in net income (profit) each year or ($0.89) 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.