Edible Garden AG Inc (NASDAQ: EDBL) – Not A Clear Buying Opportunity?

Edible Garden AG Inc (EDBL) concluded trading on Wednesday at a closing price of $0.37, with 4.56 million shares of worth about $1.69 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -47.51% during that period and on April 3, 2024 the price saw a gain of about 15.50%. Currently the company’s common shares owned by public are about 5.71M shares, out of which, 4.97M shares are available for trading.

Stock saw a price change of 23.84% in past 5 days and over the past one month there was a price change of -7.03%. Year-to-date (YTD), EDBL shares are showing a performance of -26.12% which decreased to -83.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.27 but also hit the highest price of $4.48 during that period. The average intraday trading volume for Edible Garden AG Inc shares is 128.07K. The stock is currently trading 9.84% above its 20-day simple moving average (SMA20), while that difference is down -8.99% for SMA50 and it goes to -50.38% lower than SMA200.

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Edible Garden AG Inc (NASDAQ: EDBL) currently have 5.71M outstanding shares and institutions hold larger chunk of about 2.96% of that.

The stock has a current market capitalization of $2.12M and its 3Y-monthly beta is at 2.31. It has posted earnings per share of -$3.89 in the same period. It has Quick Ratio of 0.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EDBL, volatility over the week remained 17.70% while standing at 13.84% over the month.

Analysts are in expectations that Edible Garden AG Inc (EDBL) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$7.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 69.16% while it is estimated to increase by 49.47% in next year.

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