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 $0.17, with 4.46 million shares of worth about $0.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -90.06% during that period and on December 04, 2024 the price saw a gain of about 3.65%. Currently the company’s common shares owned by public are about 18.91M shares, out of which, 17.40M shares are available for trading.

Stock saw a price change of 10.05% in past 5 days and over the past one month there was a price change of 29.30%. Year-to-date (YTD), EDBL shares are showing a performance of -98.28% which decreased to -98.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.12 but also hit the highest price of $13.00 during that period. The average intraday trading volume for Edible Garden AG Inc shares is 4.43 million. The stock is currently trading 7.98% above its 20-day simple moving average (SMA20), while that difference is down -11.89% for SMA50 and it goes to -93.37% lower than SMA200.

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Edible Garden AG Inc (NASDAQ: EDBL) currently have 18.91M outstanding shares and institutions hold larger chunk of about 6.64% of that.

The stock has a current market capitalization of $3.28M and its 3Y-monthly beta is at 2.06. It has posted earnings per share of -$30.38 in the same period. It has Quick Ratio of 0.81 while making debt-to-equity ratio of 0.65. 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 11.67% while standing at 13.26% over the month.

Stock’s fiscal year EPS is expected to rise by 74.24% while it is estimated to increase by 97.16% in next year.

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