Arcadia Biosciences Inc (RKDA)

[fascinating paradigm]

Penny Stocks to Watch for February 2021

https://www.investopedia.com/updates/top-penny-stocks

Arcadia Biosciences, Inc. (RKDA) manufactures and sells agricultural chemicals and technologies. The stock price recently fell off a cliff when it announced a direct offering, spurring a selloff on fears of dilution. But I still believe that Arcadia Biosciences is a good bet, with a line of industry-leading products that could, in my opinion, survive a recession and even flourish.

The revenue figures from the past five years are dispiriting, to be sure. But a few more distribution agreements (of the kind Arcadia signed with Tritium 3H) could help remedy this situation considerably. I'll be looking for Arcadia stock to rise sustainably beyond $3.50, which it's had some trouble doing so far. If it's able to get past that level, however, then I think the company's shareholders will have a good 2021.