A look at Edible Garden AG Inc’s (EDBL) recent performance gives investors their first glimpse of hope.

On Tuesday, Edible Garden AG Inc (NASDAQ: EDBL) opened higher 2.10% from the last session, before settling in for the closing price of $0.17. Price fluctuations for EDBL have ranged from $0.12 to $13.00 over the past 52 weeks.

During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 27.61%. Company’s average yearly earnings per share was noted 74.24% at the time writing. With a float of $17.32 million, this company’s outstanding shares have now reached $18.91 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

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 8.37%, while institutional ownership is 6.64%. The most recent insider transaction that took place on Nov 27 ’24, was worth 334. In this transaction Director of this company bought 2,013 shares at a rate of $0.17, taking the stock ownership to the 2,153 shares. Before that another transaction happened on Nov 29 ’24, when Company’s President and CEO bought 22,200 for $0.17, making the entire transaction worth $3,756. This insider now owns 36,064 shares in total.

Edible Garden AG Inc (EDBL) Earnings and Forecasts

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

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 0.23.

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 1.8 million, which is a jump from its year-to-date volume of 1.68 million. As of the previous 9 days, the stock’s Stochastic %D was 49.63%. Additionally, its Average True Range was 0.02.

During the past 100 days, Edible Garden AG Inc’s (EDBL) raw stochastic average was set at 3.31%, which indicates a significant decrease from 61.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.64% in the past 14 days, which was lower than the 127.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.1792, while its 200-day Moving Average is $2.4429. However, in the short run, Edible Garden AG Inc’s stock first resistance to watch stands at $0.1785. Second resistance stands at $0.1868. The third major resistance level sits at $0.1960. If the price goes on to break the first support level at $0.1610, it is likely to go to the next support level at $0.1518. Should the price break the second support level, the third support level stands at $0.1435.

Edible Garden AG Inc (NASDAQ: EDBL) Key Stats

There are currently 18,905K shares outstanding in the company with a market cap of 3.22 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 2,580 K and its income totaled -2,060 K.