Checking the Overall Picture for Arcadia Biosciences, Inc. (RKDA)

Arcadia Biosciences, Inc. (RKDA) is an interesting player in the Basic Materials space, with a focus on Agricultural Chemicals. The stock has been active on the tape, currently trading at $12.80, up from yesterday’s close by 23.08%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Arcadia Biosciences, Inc. (RKDA) currently trades with a market capitalization of $16.51 Million. That value represents a market adjusting for revenues that have been falling by -45.21 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$15.65 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$2 on a per share basis this quarter. Perhaps, that suggests something about why 13.76% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Arcadia Biosciences, Inc. recorded a 52-week high of $17.60. It is now trading 4.8% off that level. The stock is trading $5.43 its 50-day moving average by -7.37%. The stock carved out a 52-week low down at $3.60.

In recent action, Arcadia Biosciences, Inc. (RKDA) has made a move of +192.91% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.61% with $0.49 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of RKDA.

Previous articleCentury Aluminum Company (CENX): From Top to Bottom
Next articleChecking the Overall Picture for Cardinal Health, Inc. (CAH)