Edible Garden AG Inc (NASDAQ: EDBL) on Tuesday, soared 10.76% from the previous trading day, before settling in for the closing price of $0.13. Within the past 52 weeks, EDBL’s price has moved between $0.12 and $13.40.
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Consumer Defensive Sector giant saw their annual sales surged by 27.61% over the last five years. The company achieved an average annual earnings per share of 74.94%. With a float of $2.90 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
Observing investor behavior towards Farm Products industry stocks is more important than anything else. 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) Earnings and Forecasts
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
Edible Garden AG Inc (EDBL) is currently performing well based on its current performance indicators. A quick ratio of 0.63 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.19.
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 2.18 million was better than the volume posted last year of 1.62 million. As of the previous 9 days, the stock’s Stochastic %D was 6.83%. Additionally, its Average True Range was 0.04.
During the past 100 days, Edible Garden AG Inc’s (EDBL) raw stochastic average was set at 1.56%, which indicates a significant decrease from 13.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 128.28% in the past 14 days, which was higher than the 123.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5231, while its 200-day Moving Average is $3.5293. Now, the first resistance to watch is $0.1595. This is followed by the second major resistance level at $0.1707. The third major resistance level sits at $0.1865. If the price goes on to break the first support level at $0.1325, it is likely to go to the next support level at $0.1167. Should the price break the second support level, the third support level stands at $0.1055.
Edible Garden AG Inc (NASDAQ: EDBL) Key Stats
Market capitalization of the company is 2.79 million based on 549K outstanding shares. Right now, sales total 14,050 K and income totals -10,190 K. The company made 4,270 K in profit during its latest quarter, and -1,930 K in sales during its previous quarter.
