Moolec Science (NASDAQ:MLEC) Now Covered by Maxim Group

Equities research analysts at Maxim Group began coverage on shares of Moolec Science (NASDAQ:MLECGet Free Report) in a note issued to investors on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $6.00 price target on the stock. Maxim Group’s price objective indicates a potential upside of 203.03% from the company’s previous close.

Moolec Science Stock Performance

MLEC opened at $1.98 on Tuesday. Moolec Science has a 1-year low of $1.72 and a 1-year high of $11.07. The firm has a 50-day moving average price of $2.32 and a two-hundred day moving average price of $2.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.22 and a current ratio of 0.26.

Moolec Science (NASDAQ:MLECGet Free Report) last issued its quarterly earnings results on Thursday, December 14th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $1.74 million for the quarter, compared to analyst estimates of $0.63 million. As a group, analysts expect that Moolec Science will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Moolec Science

An institutional investor recently bought a new position in Moolec Science stock. Geode Capital Management LLC acquired a new position in shares of Moolec Science SA (NASDAQ:MLECFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,378 shares of the company’s stock, valued at approximately $51,000. Geode Capital Management LLC owned 0.20% of Moolec Science as of its most recent SEC filing. 0.41% of the stock is owned by institutional investors and hedge funds.

About Moolec Science

(Get Free Report)

Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product.

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