Arcadia Biosciences, Inc. (RKDA)
NASDAQ: RKDA · IEX Real-Time Price · USD
1.900
-0.210 (-9.95%)
At close: Apr 25, 2024, 3:54 PM
2.130
+0.230 (12.11%)
After-hours: Apr 25, 2024, 7:39 PM EDT
Arcadia Biosciences Stock Forecast
RKDA's stock price has decreased by -69.75% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Arcadia Biosciences stock has a target of 10, which predicts an increase of 426.32% from the current stock price of 1.90.
Analyst Consensus: Strong Buy
Analyst Ratings
According to 1 stock analyst, the rating for RKDA is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +426.32% | Apr 5, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $15 → $10 | Strong Buy | Maintains | $15 → $10 | +426.32% | Aug 28, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | +689.47% | Jul 24, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $18 → $15 | Strong Buy | Maintains | $18 → $15 | +689.47% | Jun 5, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $3 → $18 | Strong Buy | Maintains | $3 → $18 | +847.37% | Apr 14, 2023 |
Financial Forecast
Revenue This Year
6.35M
from 5.33M
Increased by 19.14%
Revenue Next Year
8.16M
from 6.35M
Increased by 28.50%
EPS This Year
-5.73
from -11.30
EPS Next Year
-4.70
from -5.73
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 6.8M | 8.4M |
| Avg | 6.4M | 8.2M |
| Low | 5.9M | 7.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 27.1% | 32.3% |
| Avg | 19.1% | 28.5% |
| Low | 10.3% | 23.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -5.26 | -4.84 |
| Avg | -5.73 | -4.70 |
| Low | -6.10 | -4.52 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.