Edible Garden AG Inc (NASDAQ: EDBL) on Friday, soared 7.91% from the previous trading day, before settling in for the closing price of $0.31. Within the past 52 weeks, EDBL’s price has moved between $0.12 and $12.47.
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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 $18.17 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Farm Products industry stocks is more important than anything else. The insider ownership of Edible Garden AG Inc is 3.91%, 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) Recent Fiscal highlights
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 0.50.
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 5.02 million, which is a jump from its year-to-date volume of 2.64 million. As of the previous 9 days, the stock’s Stochastic %D was 45.40%. Additionally, its Average True Range was 0.06.
During the past 100 days, Edible Garden AG Inc’s (EDBL) raw stochastic average was set at 14.65%, which indicates a significant decrease from 48.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 273.94% in the past 14 days, which was higher than the 166.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1908, while its 200-day Moving Average is $1.8552. However, in the short run, Edible Garden AG Inc’s stock first resistance to watch stands at $0.3582. Second resistance stands at $0.3809. The third major resistance level sits at $0.4117. If the price goes on to break the first support level at $0.3047, it is likely to go to the next support level at $0.2739. Now, if the price goes above the second support level, the third support stands at $0.2512.
Edible Garden AG Inc (NASDAQ: EDBL) Key Stats
Market capitalization of the company is 7.07 million based on 19,530K 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.
