Arcadia Biosciences (NASDAQ:RKDA) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Arcadia Biosciences, Inc. (NASDAQ:RKDA) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.05 and traded as low as $1.70. Arcadia Biosciences shares last traded at $2.03, with a volume of 46,524 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arcadia Biosciences in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Arcadia Biosciences currently has a consensus rating of “Sell”.

Arcadia Biosciences Trading Down 6.2%

The business’s fifty day moving average price is $2.04 and its 200 day moving average price is $3.06. The company has a market capitalization of $3.11 million, a P/E ratio of 0.71 and a beta of 0.57.

About Arcadia Biosciences

Arcadia Biosciences, Inc, founded in 2002 and headquartered in Davis, California, is an agricultural biotechnology company dedicated to developing crops and food ingredients that promote health and sustainability. By harnessing advanced genomics and precision‐breeding technologies, Arcadia creates proprietary trait platforms designed to enhance crop performance, nutritional value, and resilience to environmental stressors. The company’s scientific expertise focuses on non-transgenic approaches, enabling the delivery of novel traits without introducing foreign DNA.

Arcadia’s operations span two main segments: Crop Traits and Food Ingredients.