On Monday, Edible Garden AG Inc (NASDAQ: EDBL) opened lower -5.62% from the last session, before settling in for the closing price of $0.15. Price fluctuations for EDBL have ranged from $0.12 to $13.00 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. Company’s average yearly earnings per share was noted 74.24% at the time writing. 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 18.27%, operating margin of -62.57%, and the pretax margin is -86.81%.
Edible Garden AG Inc (EDBL) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Farm Products industry is another important factor to consider. The insider ownership of Edible Garden AG Inc is 8.15%, while institutional ownership is 40.42%. 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 74.24% per share during the next fiscal year.
Edible Garden AG Inc (NASDAQ: EDBL) Trading Performance Indicators
Check out the current performance indicators for Edible Garden AG Inc (EDBL). In the past quarter, the stock posted a quick ratio of 0.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -30.38, a number that is poised to hit -0.36 in the next quarter and is forecasted to reach -0.45 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 3.68 million, a positive change from its year-to-date volume of 1.69 million. As of the previous 9 days, the stock’s Stochastic %D was 29.22%. Additionally, its Average True Range was 0.03.
During the past 100 days, Edible Garden AG Inc’s (EDBL) raw stochastic average was set at 1.20%, which indicates a significant decrease from 26.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.46% in the past 14 days, which was lower than the 125.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3615, while its 200-day Moving Average is $3.0993. Nevertheless, the first resistance level for the watch stands at $0.1485 in the near term. At $0.1576, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1645. 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 $0.1256. The third support level lies at $0.1165 if the price breaches the second support level.
Edible Garden AG Inc (NASDAQ: EDBL) Key Stats
There are currently 549K shares outstanding in the company with a market cap of 2.56 million. Presently, the company’s annual sales total 14,050 K according to its annual income of -10,190 K. Last quarter, the company’s sales amounted to 4,270 K and its income totaled -1,930 K.
