Borealis Foods (NASDAQ:BRLS) Posts Quarterly Earnings Results

Borealis Foods (NASDAQ:BRLS) posted its earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, Zacks reports. Borealis Foods had a negative return on equity of 892.35% and a negative net margin of 68.06%.

Borealis Foods Stock Performance

NASDAQ BRLS traded down $0.11 during trading on Wednesday, reaching $2.98. The company’s stock had a trading volume of 31,704 shares, compared to its average volume of 53,588. The business’s fifty day moving average price is $3.16 and its 200-day moving average price is $3.61. Borealis Foods has a twelve month low of $1.81 and a twelve month high of $7.49. The firm has a market cap of $63.71 million, a price-to-earnings ratio of -3.27 and a beta of 0.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Borealis Foods in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Borealis Foods currently has a consensus rating of “Sell”.

About Borealis Foods

Borealis Foods Inc operates as a food technology company that develops plant-based ready-to-eat meals. The company also developed ambient ready-to-eat high-protein meals for U.S. and global humanitarian food programs. Its products include Chef Woo, a plant based instant ramen meals that provides with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles.