The trading price of Edible Garden AG Inc (NASDAQ:EDBL) floating higher at last check on current market day and closing at $3.93, 18.25% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $55.14 and a 52-week low of $1.80. Over the past month, the stock has gained 106.63% in value.
Edible Garden AG Inc, whose market valuation is $6.50 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.74 per share this quarter, however they have predicted annual earnings per share of -3.24 for current year and -1.51 for next year.
Analysts have forecast the company to bring in revenue of 4.48M for the current quarter, with the likely lows of 4.48M and highs of 4.48M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 17.6M.
On the technical side, indicators suggest EDBL has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that EDBL’s price is currently 47.97% off the SMA20 and 58.26% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.17, and weekly volatility stands at 24.81%. When measured over the past 30 days, the indicator reaches 17.16%. Edible Garden AG Inc (NASDAQ:EDBL)’s beta value is currently sitting at 2.11, while the Average True Range indicator is currently displaying 0.64.
To see how Edible Garden AG Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: EDBL stock’s performance was 18.25% at last check in today’s session, and -93.11% in the past year.
An evaluation of the daily trading volume of Edible Garden AG Inc (NASDAQ:EDBL) indicates that the 3-month average is 3.48 million.
Currently, records show that 1.66 million of the company’s shares remain outstanding. The insiders hold 0.09% of outstanding shares, whereas institutions hold 0.22%. However, since the stock’s price has seen -51.15% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
