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

Arcadia Biosciences, Inc. (NASDAQ:RKDA)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 restated a “sell (d-)” rating on shares of Arcadia Biosciences in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Arcadia Biosciences Trading Down 0.5%

The firm has a market cap of $3.51 million, a P/E ratio of 0.80 and a beta of 0.57. The company’s 50-day moving average is $2.05 and its two-hundred day moving average is $3.08.

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.