In a report released today, Ben Klieve from National Securities Corp reiterated a Buy rating on Arcadia Biosciences (RKDA). The company’s shares closed yesterday at $5.90.
According to TipRanks.com, Klieve is a 4-star analyst with an average return of 10.7% and a 57.7% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Yield10 Bioscience Inc, S&W Seed Company, and Marrone Bio.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arcadia Biosciences with a $20 average price target.
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Based on Arcadia Biosciences’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $646K. In comparison, last year the company had a GAAP net loss of $10.62 million.
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Arcadia Biosciences, Inc. is an agricultural biotechnology company which engages in the development of agricultural products for the improvement of the environment and human health. It uses screening, breeding, and biotechnology techniques to create agricultural products for consumers, processors, and farmers.
