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Arcadia Biosciences ( (RKDA) ) has shared an announcement.
On May 14, 2024, Arcadia Biosciences and its subsidiary sold certain assets of its GoodWheat business to Above Food Corp. and transferred $2 million in cash as part of an Asset Purchase Agreement. In return, Arcadia received a promissory note for $6 million, with payments scheduled over three years. However, as of May 14, 2025, Above Food Corp. failed to make the first payment, leading to a potential default situation. Arcadia is considering actions to enforce its rights under the agreement. Additionally, Arcadia is involved in a proposed all-stock transaction with Roosevelt Resources, which involves the exchange of shares and is subject to regulatory approval.
The most recent analyst rating on (RKDA) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Arcadia Biosciences stock, see the RKDA Stock Forecast page.
Spark’s Take on RKDA Stock
According to Spark, TipRanks’ AI Analyst, RKDA is a Neutral.
Arcadia Biosciences faces financial challenges with declining revenue and lack of profitability, which significantly impact its stock score. However, technical indicators show moderate upward momentum, and strategic achievements mentioned in the earnings call, including Zola’s revenue growth and cost management improvements, provide some optimism. The valuation is weak due to a negative P/E ratio and no dividend yield. Overall, while there are positive strategic developments, financial instability remains a key risk.
To see Spark’s full report on RKDA stock, click here.
More about Arcadia Biosciences
Arcadia Biosciences, Inc. operates in the agricultural biotechnology industry, focusing on developing and commercializing innovative food ingredients and agricultural products. The company is known for its GoodWheat business, which aims to improve the nutritional quality of wheat.
Average Trading Volume: 9,205
Technical Sentiment Signal: Hold
Current Market Cap: $5.69M
See more data about RKDA stock on TipRanks’ Stock Analysis page.