Edible Garden AG Inc (NASDAQ: EDBL) on Monday, plunged -4.61% from the previous trading day, before settling in for the closing price of $0.16. Within the past 52 weeks, EDBL’s price has moved between $0.12 and $13.00.
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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 27.61%. The company achieved an average annual earnings per share of 74.24%. With a float of $17.36 million, this company’s outstanding shares have now reached $18.86 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Observing investor behavior towards Farm Products industry stocks is more important than anything else. The insider ownership of Edible Garden AG Inc is 7.96%, while institutional ownership is 6.65%. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -14 earnings per share (EPS) for the period falling under the consensus outlook (set at -8.6) by -5.4. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
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
Edible Garden AG Inc (EDBL) is currently performing well based on its current performance indicators. A quick ratio of 0.81 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 0.21.
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)
Looking closely at Edible Garden AG Inc (NASDAQ: EDBL), its last 5-days average volume was 1.78 million, which is a jump from its year-to-date volume of 1.69 million. As of the previous 9 days, the stock’s Stochastic %D was 45.48%. 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 2.13%, which indicates a significant decrease from 34.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.42% in the past 14 days, which was lower than the 127.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2809, while its 200-day Moving Average is $2.8742. However, in the short run, Edible Garden AG Inc’s stock first resistance to watch stands at $0.1635. Second resistance stands at $0.1740. The third major resistance level sits at $0.1805. If the price goes on to break the first support level at $0.1465, it is likely to go to the next support level at $0.1400. Should the price break the second support level, the third support level stands at $0.1295.
Edible Garden AG Inc (NASDAQ: EDBL) Key Stats
Market capitalization of the company is 2.89 million based on 18,905K outstanding shares. Right now, sales total 14,050 K and income totals -10,190 K. The company made 2,580 K in profit during its latest quarter, and -2,060 K in sales during its previous quarter.
