Edible Garden AG Inc (NASDAQ: EDBL) is -98.31% 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 gains setting it 0.01%.
Currently trading at $0.17, the stock is 9.71% and -31.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 8.02% at the moment leaves the stock -93.90% off its SMA200. EDBL registered -98.34% loss for a year compared to 6-month loss of -90.01%. The firm has a 50-day simple moving average (SMA 50) of $0.24886 and a 200-day simple moving average (SMA200) of $2.782975.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 14.96% gain in the last 1 month and extending the period to 3 months gives it a -85.11%, and is 9.13% 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 11.22% over the week and 13.38% over the month.
Edible Garden AG Inc (EDBL) has around 124 employees, a market worth around $3.47M and $14.07M in sales. Profit margin for the company is -86.81%. Distance from 52-week low is 39.18% and -98.69% 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 18.91M, and float is at 17.40M with Short Float at 3.91%. 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).
