Top 4 Undervalued Stocks to Watch in 2024
Smart investors are always trying to get the best possible deal on whatever security or asset they are buying. The better the deal, the higher the chance of generating a substantial ROI. To do so, we use a wide array of tools to try and analyze today's top undervalued stocks. Within this report you'll find 4 stocks selling below intrinsic value with growth potential.
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Shares Stats
| Shares Outstanding | 21,327,600 |
| Shares Float | 10,228,849 |
| Shares Short | 993,104 |
| Insider Holdings | 1219% |
| Institution Holdings | 11.17% |
About Arcadia Biosciences, Inc
Arcadia Biosciences, Inc., a consumer-driven agricultural technology company, engages in developing various crop productivity traits primarily in hemp, wheat, and soybean. The company's crop productivity traits are designed to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients, health and wellness products, and their viability for industrial applications. Its products include GoodHemp, a commercial pipeline of non-GMO hemp seed varieties developed with modern crop innovation tools focused on genetic improvement of hemp; GoodWheat that redesigns wheat as a functional food adding value to the wheat supply chain by enabling a range of choices to meet consumer demands; nutritional oils; and HB4, a drought and herbicide tolerant soybean trait. The company has collaborations with Ardent Mills, LLC, Corteva AgriScience, and Arista Cereal Seeds Pty Ltd, and Bay State Milling Company. It operates in the United States, Canada, Africa, and India. The company was founded in 2002 and is headquartered in Davis, California.
General
| Name | Arcadia Biosciences, Inc |
| Ticker | RKDA |
| Exchange | NASDAQ |
| Sector | Basic Materials |
| Industry | Agricultural Inputs |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 41 |
Highlights
| Analyst Target | 7.53 |
| Market Cap | 66,757,520 |
| PE Ratio | -0.19 |
| PEG Ratio | -0.08 |
| EBITDA | -17,520,000 |
Financials
| Next Quarter EPS Estimate | -0.44 |
| Return on Assets | -0.39 |
| Return on Equity | -1.60 |
| Revenue | 1,320,000 |
| Earnings Per Share | -2.12 |
| Revenue Per Share | 0.14 |
| Gross Profit | -6,814,000 |
| Quarterly Revenue Growth | -0.20 |
Valuation
| Price/Sales (Trailing 12 Mt.) | 22.44 |
| Price/Book (Most Recent Quarter) | 5.99 |
Earnings
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