Arcadia Biosciences Inc. (NASDAQ: RKDA) stock fell -10.20% on Friday to $0.56 against a previous-day closing price of $0.62. With 0.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Agricultural Inputs company which operates in the wider Basic Materials sector, reached the highest price of $0.6188 whereas the lowest price it dropped to was $0.5130. The 52-week range on RKDA shows that it touched its highest point at $2.66 and its lowest point at $0.59 during that stretch. It currently has a 1-year price target of $3.25. Beta for the stock currently stands at 0.04.
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Price Performance and Earnings
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RKDA was down-trending over the past week, with a drop of -27.58%, but this was down by -36.80% over a month. Three-month performance dropped to -44.24% while six-month performance fell -78.77%. The stock lost -74.13% in the past year, while it has lost -46.52% so far this year. A look at the trailing 12-month EPS for RKDA yields -0.89 with Next year’s EPS estimates of -0.60. For the next quarter, that number is -0.21. This implies an EPS growth rate of -47.40% for this year and 21.10% for next year. EPS is expected to grow by 14.96% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 40.00%.
BlueFire Equipment Corporation (BLFR) stock fell -23.17% on Friday to $0.0461 against a previous-day closing price of $0.0600. During the session, the company reached the highest price of $0.0700 whereas the lowest price it dropped to was $0.0461. The 52-week range on BLFR shows that it touched its highest point at $0.1200 and its lowest point at $0.0050 during that stretch. Beta for the stock currently stands at 1.42. Currently, the company has a market cap of $1,564,974, with 33,947,368 outstanding shares.
Following the acquisition of Miracle Life Farm LLC, the agricultural-oriented acquisition company, BlueFire Equipment, Corp. (BLFR), has decided to undertake a name change, as well as a ticker replacement, which will help define the direction shift, its business is undergoing. The senior management of the company has agreed to rename the business as Farmies Inc., which will hold the ticker symbol, MIES. The CEO of the company, Nickolas S. Tabraue has hailed the name change as being “perfect” for the company, further adding that Farmies best encapsulates the brand and corporate vision.
At present, the company has a market capitalization exceeding $12.5 billion, which translates to a compound annual growth rate of 11.1%. With its recent restructure following the acquisition of Miracle Life Farm, the company anticipates further growth to be achieved. Operating on 13-acre farmland, Farmies will aim to unlock value through several ground-breaking initiatives, which include tapping into the medicinal properties of Thai Guava leaves. The senior management remains highly optimistic in the wake of this shift, as emphasized through a corporate name change.
China Green Agriculture
China Green Agriculture Inc. (NYSE: CGA) stock fell -2.43% on Friday to $6.93 against a previous-day closing price of $7.10. With 14326.0 shares changed hands, the volume of the stock remained lighter than its average volume of 17670.0 shares. During the session, the Agricultural Inputs company which operates in the wider Basic Materials sector, reached the highest price of $7.09 whereas the lowest price it dropped to was $6.85. The 52-week range on CGA shows that it touched its highest point at $12.48 and its lowest point at $4.29 during that stretch. Beta for the stock currently stands at 0.79.
Float and Shares Shorts
At present, 12.14 million CGA shares are outstanding with a float of 10.19 million shares on hand for trading. On Aug 30, 2022, short shares totaled 99800.0, which was 0.75% higher than short shares on Jul 28, 2022. In addition to Mr. Zhuoyu Li as the firm’s Chairman, CEO & Pres, Mr. Yongcheng Yang serves as its Chief Financial Officer.