Moolec Science (MLEC) to Release Quarterly Earnings on Wednesday

Moolec Science (NASDAQ:MLEC) will be posting its quarterly earnings results before the market opens on Wednesday, March 13th. Analysts expect Moolec Science to post earnings of ($0.05) per share for the quarter. Moolec Science has set its Q1 2024 guidance at EPS.

Moolec Science (NASDAQ:MLEC) last posted its quarterly earnings data on Thursday, December 14th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $1.74 million for the quarter, compared to analyst estimates of $0.63 million. On average, analysts expect Moolec Science to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Moolec Science Stock Down 0.5 %

NASDAQ MLEC traded down $0.01 on Thursday, reaching $1.73. 2,610 shares of the stock traded hands, compared to its average volume of 444,176. Moolec Science has a 12 month low of $1.58 and a 12 month high of $9.92. The firm’s fifty day simple moving average is $2.00 and its 200 day simple moving average is $2.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.22 and a current ratio of 0.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Moolec Science stock. Geode Capital Management LLC bought a new stake in Moolec Science SA (NASDAQ:MLEC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,378 shares of the company’s stock, valued at approximately $51,000. Geode Capital Management LLC owned approximately 0.20% of Moolec Science at the end of the most recent reporting period. Institutional investors own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Maxim Group began coverage on Moolec Science in a report on Tuesday, January 30th. They issued a “buy” rating and a $6.00 target price on the stock.

About Moolec Science

Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product.