Let’s look at the key reasons that are pushing Edible Garden AG Inc (EDBL) to new highs

On Tuesday, Edible Garden AG Inc (NASDAQ: EDBL) was -8.15% drop from the session before settling in for the closing price of $0.22. A 52-week range for EDBL has been $0.12 – $12.47.

During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 27.61%. When this article was written, the company’s average yearly earnings per share was at 74.24%. With a float of $18.88 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

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Edible Garden AG Inc stocks. The insider ownership of Edible Garden AG Inc is 0.13%, while institutional ownership is 5.66%. 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

According to the Wall Street analysts, stocks earnings will be around 74.24% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 86.25% during the next five years compared to 32.73% growth over the previous five years of trading.

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

You can see what Edible Garden AG Inc (EDBL) is doing with its current performance indicators. In the most recent 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 0.43.

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 3.51 million, which is a drop from its year-to-date volume of 7.72 million. As of the previous 9 days, the stock’s Stochastic %D was 32.84%. Additionally, its Average True Range was 0.04.

During the past 100 days, Edible Garden AG Inc’s (EDBL) raw stochastic average was set at 18.28%, which indicates a significant decrease from 24.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.94% in the past 14 days, which was lower than the 146.60% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.2420, while its 200-day Moving Average is $0.8875. However, in the short run, Edible Garden AG Inc’s stock first resistance to watch stands at $0.2108. Second resistance stands at $0.2231. The third major resistance level sits at $0.2326. If the price goes on to break the first support level at $0.1890, it is likely to go to the next support level at $0.1795. Now, if the price goes above the second support level, the third support stands at $0.1672.

Edible Garden AG Inc (NASDAQ: EDBL) Key Stats

There are 30,390K outstanding shares of the company, which has a market capitalization of 6.03 million. As of now, sales total 14,050 K while income totals -10,190 K. Its latest quarter income was 2,580 K while its last quarter net income were -2,060 K.