Edible Garden AG Inc (EDBL) volume hits 1.41 million: A New Opening for Investors

Edible Garden AG Inc (NASDAQ: EDBL) open the trading on Thursday, with great promise as it jumped 2.12% to $0.16, before settling in for the price of $0.16 at the close. Taking a more long-term approach, EDBL posted a 52-week range of $0.12-$13.00.

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In the past 5-years timespan, the Consumer Defensive sector firm’s annual sales growth was 27.61%. Meanwhile, its Annual Earning per share during the time was 32.73%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 74.24%. This publicly-traded company’s shares outstanding now amounts to $18.86 million, simultaneously with a float of $17.36 million. The organization now has a market capitalization sitting at $3.00 million. At the time of writing, stock’s 50-day Moving Average stood at $0.3146, while the 200-day Moving Average is $2.9667.

Edible Garden AG Inc (EDBL) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Farm Products industry. Edible Garden AG Inc’s current insider ownership accounts for 7.96%, in contrast to 6.65% institutional ownership. According to the most recent insider trade that took place on Apr 25 ’24, this organization’s 10% Owner bought 1,005 shares at the rate of 6.07, making the entire transaction reach 6,105 in total value, affecting insider ownership by 35,077. Preceding that transaction, on Apr 25 ’24, Company’s 10% Owner sold 30,056 for 5.43, making the whole transaction’s value amount to 163,307. This particular insider is now the holder of 5,025 in total.

Edible Garden AG Inc (EDBL) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.

Edible Garden AG Inc’s EPS increase for this current 12-month fiscal period is 74.24% and is forecasted to reach -0.45 in the upcoming year.

Edible Garden AG Inc (NASDAQ: EDBL) Trading Performance Indicators

Let’s observe the current performance indicators for Edible Garden AG Inc (EDBL). It’s Quick Ratio in the last reported quarter now stands at 0.81. The Stock has managed to achieve an average true range (ATR) of 0.03. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.21.

In the same vein, EDBL’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -30.38, a figure that is expected to reach -0.36 in the next quarter, and analysts are predicting that it will be -0.45 at the market close of one year from today.

Technical Analysis of Edible Garden AG Inc (EDBL)

[Edible Garden AG Inc, EDBL] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 42.37% While, its Average True Range was 0.0235.

Raw Stochastic average of Edible Garden AG Inc (EDBL) in the period of the previous 100 days is set at 2.53%, which indicates a major fall in contrast to 55.91% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 103.39% that was lower than 127.82% volatility it exhibited in the past 100-days period.