Arcadia Biosciences discovered utilizing ticker (RKDA) now have 3 analysts protecting the inventory. The analyst consensus factors to a score of ‘Strong_Buy’. The goal value ranges between 10 and eight calculating the imply goal value we’ve 9.33. Provided that the shares earlier shut was at 2.52 this may point out that there’s a potential upside of 270.2%. The day 50 transferring common is 3.07 whereas the 200 day transferring common is 3.35. The market cap for the corporate is $29m. You may go to the corporate’s web site by visiting: http://www.arcadiabio.com
Arcadia Biosciences, a consumer-driven agricultural know-how firm, engages in growing numerous crop productiveness traits primarily in hemp, wheat, and soybean. The corporate’s crop productiveness traits are designed to boost farm economics by enhancing the efficiency of crops within the subject, in addition to their worth as meals elements, well being and wellness merchandise, and their viability for industrial functions. Its merchandise embrace GoodHemp, a business pipeline of non-GMO hemp seed varieties developed with fashionable crop innovation instruments targeted on genetic enchancment of hemp; GoodWheat that redesigns wheat as a useful meals including worth to the wheat provide chain by enabling a spread of selections to satisfy client calls for; dietary oils; and HB4, a drought and herbicide tolerant soybean trait. The corporate has collaborations with Ardent Mills, LLC, Corteva AgriScience, and Arista Cereal Seeds Pty Ltd, and Bay State Milling Firm. It operates in the US, Canada, Africa, and India. The corporate was based in 2002 and is headquartered in Davis, California.