Edible Garden AG Inc (NASDAQ:EDBL) traded at $0.13 at close of the session on Monday, November 04 and made an upward move of 0.98% on its previous day’s price.
Looking at the stock we see that its previous close was $0.13 and the beta (5Y monthly) reads 1.849 with the day’s price range being $0.1222 – $0.1347. In terms of its 52-week price range, EDBL has a high of $13.40 and a low of $0.13. The company’s stock has lost about -37.62% over that past 30 days.
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Edible Garden AG Inc has a market cap of $2.33 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.43, with the EPS growth for the year raised at -15.44 for current year and -15.44 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 3.71M, with a low of 3.71M and a high of 3.71M. The median projection represents growth squeezing down to 12.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 15.73M, or 12.00% up from figures reported last year.
On the other hand, looking at the outlook for the EDBL stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -30.62% off its SMA20 and -75.39% from its 50-day simple moving average. The RSI (14) is pointing at 15.65 while the volatility over the past week is 13.53% and jumps to 15.58% over the past one month. The beta value is 1.90, while the average true range (ATR) is currently pointing at 0.04.
Coming back to Edible Garden AG Inc (NASDAQ:EDBL), we note that the average 3-month trading volume was 4.03 million, while that of the preceding 10-day period stands at 20.81 million. Current shares outstanding are 3.16 million.
The insiders hold 8.15% of the company’s shares while institutions hold 28.51%. The data shows that short shares as of 2024-10-15, stood at 0.19 million at a short ratio of 0.18. This represents a 102.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 82535.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -98.67% down in year-to-date price movement.
