Edible Garden AG Inc (NASDAQ: EDBL) is -98.53% lower on its value in year-to-date trading and has touched a low of $0.17 and a high of $13.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EDBL stock was last observed hovering at around $0.19 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $0.15, the stock is -28.72% and -76.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.27 million and changing -22.67% at the moment leaves the stock -96.09% off its SMA200. EDBL registered -98.54% loss for a year compared to 6-month loss of -97.30%. The firm has a 50-day simple moving average (SMA 50) of $0.62548 and a 200-day simple moving average (SMA200) of $3.77497.
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The stock witnessed a -44.47% gain in the last 1 month and extending the period to 3 months gives it a -88.98%, and is -33.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 25.89% over the week and 16.01% over the month.
Edible Garden AG Inc (EDBL) has around 124 employees, a market worth around $0.47M and $14.77M in sales. Profit margin for the company is -85.16%. Distance from 52-week low is -11.98% and -98.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-996.04%).
with sales reaching $3.71M over the same period.The EPS is expected to grow by 74.94% this year, but quarterly earnings will post 12.00% year-over-year. Quarterly sales are estimated to grow 12.80% in year-over-year returns.
Edible Garden AG Inc (EDBL) Top Institutional Holders
8.0 institutions hold shares in Edible Garden AG Inc (EDBL), with institutional investors hold 0.48% of the company’s shares. The shares outstanding are 3.16M, and float is at 2.90M with Short Float at 6.62%. Institutions hold 0.43% of the Float.
Edible Garden AG Inc (EDBL) Insider Activity
The most recent transaction is an insider purchase by UBS Group AG, the company’s 10% Owner. SEC filings show that UBS Group AG bought 1,005 shares of the company’s common stock on Apr 25 ’24 at a price of $6.07 per share for a total of $6105.0. Following the purchase, the insider now owns 35077.0 shares.
Edible Garden AG Inc disclosed in a document filed with the SEC on Apr 25 ’24 that UBS Group AG (10% Owner) sold a total of 30,056 shares of the company’s common stock. The trade occurred on Apr 25 ’24 and was made at $5.43 per share for $0.16 million. Following the transaction, the insider now directly holds 5025.0 shares of the EDBL stock.
Still, SEC filings show that on Apr 24 ’24, UBS Group AG (10% Owner) disposed off 106 shares at an average price of $6.30 for $668.0. The insider now directly holds 34,076 shares of Edible Garden AG Inc (EDBL).
