A new trading day began on Monday, with Edible Garden AG Inc (NASDAQ: EDBL) stock price down -11.16% from the previous day of trading, before settling in for the closing price of $0.22. EDBL’s price has ranged from $0.19 to $13.40 over the past 52 weeks.
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Annual sales at Consumer Defensive sector company grew by 27.61% over the past five years. Meanwhile, its annual earnings per share averaged 74.94%. With a float of $2.90 million, this company’s outstanding shares have now reached $3.16 million.
Let’s look at the performance matrix of the company that is accounted for 124 employees. 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 and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Farm Products Industry. The insider ownership of Edible Garden AG Inc is 8.15%, 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) Latest Financial update
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
Here are Edible Garden AG Inc’s current performance indicators. According to the last quarter’s results, the 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 0.04.
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)
Edible Garden AG Inc (NASDAQ: EDBL) saw its 5-day average volume 37.42 million, a positive change from its year-to-date volume of 1.57 million. As of the previous 9 days, the stock’s Stochastic %D was 17.54%. 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 1.14%, which indicates a significant decrease from 15.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.04% in the past 14 days, which was lower than the 121.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6467, while its 200-day Moving Average is $3.8269. Nevertheless, the first resistance level for the watch stands at $0.2147 in the near term. At $0.2385, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.2619. If the price goes on to break the first support level at $0.1675, it is likely to go to the next support level at $0.1441. The third support level lies at $0.1203 if the price breaches the second support level.
Edible Garden AG Inc (NASDAQ: EDBL) Key Stats
With a market capitalization of 0.60 million, the company has a total of 549K Shares Outstanding. Currently, annual sales are 14,050 K while annual income is -10,190 K. The company’s previous quarter sales were 4,270 K while its latest quarter income was -1,930 K.
