A new trading day began on Friday, with Edible Garden AG Inc (NASDAQ: EDBL) stock price up 12.00% from the previous day of trading, before settling in for the closing price of $0.25. EDBL’s price has ranged from $0.12 to $12.47 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 27.61%. Meanwhile, its annual earnings per share averaged 74.24%. With a float of $18.19 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Farm Products Industry. The insider ownership of Edible Garden AG Inc is 3.79%, 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
Here are Edible Garden AG Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39.
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 8.02 million, which is a jump from its year-to-date volume of 7.61 million. As of the previous 9 days, the stock’s Stochastic %D was 18.65%. 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 14.26%, which indicates a significant decrease from 32.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 141.69% in the past 14 days, which was lower than the 170.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2096, while its 200-day Moving Average is $1.5868. However, in the short run, Edible Garden AG Inc’s stock first resistance to watch stands at $0.2946. Second resistance stands at $0.3092. The third major resistance level sits at $0.3293. If the price goes on to break the first support level at $0.2599, it is likely to go to the next support level at $0.2398. Should the price break the second support level, the third support level stands at $0.2252.
Edible Garden AG Inc (NASDAQ: EDBL) Key Stats
With a market capitalization of 5.47 million, the company has a total of 19,530K Shares Outstanding. Currently, annual sales are 14,050 K while annual income is -10,190 K. The company’s previous quarter sales were 2,580 K while its latest quarter income was -2,060 K.
