Edible Garden AG Inc (NASDAQ: EDBL) is -98.45% lower on its value in year-to-date trading and has touched a low of $0.12 and a high of $13.00 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 $0.16 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.16, the stock is -2.96% and -52.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing -0.89% at the moment leaves the stock -94.83% off its SMA200. EDBL registered -98.29% loss for a year compared to 6-month loss of -93.23%. The firm has a 50-day simple moving average (SMA 50) of $0.34658 and a 200-day simple moving average (SMA200) of $3.0553.
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The stock witnessed a -30.22% gain in the last 1 month and extending the period to 3 months gives it a -86.35%, and is 1.97% up 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 11.90% over the week and 16.87% over the month.
Edible Garden AG Inc (EDBL) has around 124 employees, a market worth around $2.94M and $14.07M in sales. Profit margin for the company is -86.81%. Distance from 52-week low is 27.54% and -98.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-305.84%).
The EPS is expected to grow by 74.24% this year
9.0 institutions hold shares in Edible Garden AG Inc (EDBL), with institutional investors hold 2.70% of the company’s shares. The shares outstanding are 3.16M, and float is at 2.90M with Short Float at 10.47%. Institutions hold 2.42% 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).
