Edible Garden AG Inc (NASDAQ: EDBL) kicked off on Monday, up 4.33% from the previous trading day, before settling in for the closing price of $0.21. Over the past 52 weeks, EDBL has traded in a range of $0.19-$13.40.
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Consumer Defensive Sector giant saw their annual sales surged by 27.61% over the last five years. While this was happening, its average annual earnings per share was recorded 74.94%. With a float of $2.44 million, this company’s outstanding shares have now reached $3.16 million.
The firm has a total of 124 workers. Let’s measure their productivity. In terms of profitability, gross margin is 12.75%, operating margin of -65.57%, and the pretax margin is -85.16%.
Edible Garden AG Inc (EDBL) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Farm Products Industry. The insider ownership of Edible Garden AG Inc is 22.80%, while institutional ownership is 28.51%. The most recent insider transaction that took place on Apr 25 ’24, was worth 6,105. In this transaction 10% Owner of this company bought 1,005 shares at a rate of $6.07, taking the stock ownership to the 35,077 shares. Before that another transaction happened on Apr 25 ’24, when Company’s 10% Owner sold 30,056 for $5.43, making the entire transaction worth $163,307. This insider now owns 5,025 shares in total.
Edible Garden AG Inc (EDBL) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -44.2 earnings per share (EPS), lower than consensus estimate (set at -24.4) by -19.8. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 74.94% per share during the next fiscal year.
Edible Garden AG Inc (NASDAQ: EDBL) Trading Performance Indicators
Take a look at Edible Garden AG Inc’s (EDBL) current performance indicators. Last quarter, stock had a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -43.56, a number that is poised to hit -0.43 in the next quarter and is forecasted to reach -0.52 in one year’s time.
Technical Analysis of Edible Garden AG Inc (EDBL)
Analysing the last 5-days average volume posted by the [Edible Garden AG Inc, EDBL], we can find that recorded value of 1.55 million was better than the volume posted last year of 0.68 million. As of the previous 9 days, the stock’s Stochastic %D was 53.59%. Additionally, its Average True Range was 0.05.
During the past 100 days, Edible Garden AG Inc’s (EDBL) raw stochastic average was set at 1.34%, which indicates a significant decrease from 54.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.47% in the past 14 days, which was lower than the 120.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7468, while its 200-day Moving Average is $4.0672. Now, the first resistance to watch is $0.2369. This is followed by the second major resistance level at $0.2568. The third major resistance level sits at $0.2736. If the price goes on to break the first support level at $0.2002, it is likely to go to the next support level at $0.1834. Should the price break the second support level, the third support level stands at $0.1635.
Edible Garden AG Inc (NASDAQ: EDBL) Key Stats
The company with the Market Capitalisation of 0.69 million has total of 549K Shares Outstanding. Its annual sales at the moment are 14,050 K in contrast with the sum of -10,190 K annual income. Company’s last quarter sales were recorded 4,270 K and last quarter income was -1,930 K.
