Edible Garden AG Inc (EDBL)’s stock is trading at $0.25 at the moment marking a fall of -13.45% from the last session close. As of this writing, shares are priced at -98.55% less than their 52-week high of $17.28, and 0.40% over their 52-week low of $0.25. Based on the past 30-day period, the stock price is -77.19% below the high and +4.00% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, EDBL’s SMA-200 is $4.8529.
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Further, it is important to consider EDBL stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 0.05.EDBL’s price to book ratio for the most recent quarter was 1.55, resulting in an 0.36 price to cash per share for the period.
How does Edible Garden AG Inc (EDBL) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 1 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 5.00 in simple terms.
Edible Garden AG Inc (EDBL): Earnings History
If we examine Edible Garden AG Inc’s recent earnings history, in the last quarter ended on 6/30/2024, it posted adjusted earnings per share of -$1.21, slashing the consensus of -$4.21. In other words, it beat the consensus by $3, resulting in a 71.30% surprise. In the 3 months period before the previous quarter which was closed on 6/30/2024, the stock recorded adjusted earnings per share of -$1.21 in contrast with the Outlook of -$4.21. That was a difference of $3 and a surprise of 71.30%.
Edible Garden AG Inc (NASDAQ: EDBL) Ownership Details
I will give a breakdown of the key shareholders in Edible Garden AG Inc (EDBL). Recent figures show that the company’s insiders hold 0.84% of shares. A total of 8 institutional investors hold shares in the company, making 2.59% of its stock and 2.61% of its float.
Jun 30, 2024, it was reported that the Company’s largest institutional holder is Bank of Montreal/Can/ holding total of 10.0 shares that make 0.32% of the company’s total number of shares and are currently priced at 2644.0.
The securities firm Morgan Stanley holds 3.66 shares of EDBL, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 0.12%, and the holding percentage of shares is valued at 968.0.
An overview of Edible Garden AG Inc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Edible Garden AG Inc (EDBL) traded 439,719 shares per day, with a moving average of $0.8243 and price change of -0.8800. With the moving average of $1.0570 and a price change of -1.1200, about 728,944 shares changed hands on average over the past 50 days. Finally, EDBL’s 100-day average volume is 797,135 shares, alongside a moving average of $1.5643 and a price change of -4.6500.
