Moreover, the 36-month beta value for EDBL is 1.84. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EDBL is 2.43M and currently, short sellers hold a 3.40% of that float. On October 08, 2024, EDBL’s average trading volume was 720.00K shares.
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EDBL) stock’s latest price update
Edible Garden AG Inc (NASDAQ: EDBL)’s stock price has gone decline by -5.91 in comparison to its previous close of 0.21, however, the company has experienced a -16.38% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-10-03 that Enhances current H Mart distribution by incorporating the Southeast region; underscores a shared commitment to delivering quality, sustainability, and the freshest products Enhances current H Mart distribution by incorporating the Southeast region; underscores a shared commitment to delivering quality, sustainability, and the freshest products
EDBL’s Market Performance
Edible Garden AG Inc (EDBL) has experienced a -16.38% fall in stock performance for the past week, with a -77.85% drop in the past month, and a -83.54% drop in the past quarter. The volatility ratio for the week is 13.40%, and the volatility levels for the past 30 days are at 16.40% for EDBL. The simple moving average for the past 20 days is -66.90% for EDBL’s stock, with a -95.63% simple moving average for the past 200 days.
EDBL Trading at -78.58% from the 50-Day Moving Average
After a stumble in the market that brought EDBL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.53% of loss for the given period.
Volatility was left at 16.40%, however, over the last 30 days, the volatility rate increased by 13.40%, as shares sank -78.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -85.00% lower at present.
During the last 5 trading sessions, EDBL fell by -16.17%, which changed the moving average for the period of 200-days by -98.23% in comparison to the 20-day moving average, which settled at $0.5968. In addition, Edible Garden AG Inc saw -98.04% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EDBL starting from UBS Group AG, who purchase 1,005 shares at the price of $6.07 back on Apr 25 ’24. After this action, UBS Group AG now owns 35,077 shares of Edible Garden AG Inc, valued at $6,105 using the latest closing price.
UBS Group AG, the 10% Owner of Edible Garden AG Inc, sale 30,056 shares at $5.43 during a trade that took place back on Apr 25 ’24, which means that UBS Group AG is holding 5,025 shares at $163,307 based on the most recent closing price.
Stock Fundamentals for EDBL
Current profitability levels for the company are sitting at:
- -0.66 for the present operating margin
- 0.13 for the gross margin
The net margin for Edible Garden AG Inc stands at -0.85. The total capital return value is set at -7.67. Equity return is now at value -603.21, with -127.87 for asset returns.
Based on Edible Garden AG Inc (EDBL), the company’s capital structure generated 0.92 points at debt to capital in total, while cash flow to debt ratio is standing at -1.52. The debt to equity ratio resting at 11.06. The interest coverage ratio of the stock is -18.11.
Currently, EBITDA for the company is -7.61 million with net debt to EBITDA at -0.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
To wrap up, the performance of Edible Garden AG Inc (EDBL) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
