Additionally, the 36-month beta value for EDBL is 1.85. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for EDBL is 1.60M and currently, short sellers hold a 15.26% ratio of that float. The average trading volume of EDBL on October 16, 2024 was 803.58K shares.
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EDBL) stock’s latest price update
The stock price of Edible Garden AG Inc (NASDAQ: EDBL) has surged by 5.00 when compared to previous closing price of 0.21, but the company has seen a 10.31% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-10 that BELVIDERE, NJ, Oct. 10, 2024 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that it received notice from The Nasdaq Stock Market on October 9, 2024, indicating that Edible Garden had regained compliance with the minimum stockholders’ equity requirement for continued listing on Nasdaq under Nasdaq Listing Rule 5550(b)(1).
EDBL’s Market Performance
EDBL’s stock has risen by 10.31% in the past week, with a monthly drop of -77.95% and a quarterly drop of -84.02%. The volatility ratio for the week is 9.29% while the volatility levels for the last 30 days are 16.46% for Edible Garden AG Inc The simple moving average for the past 20 days is -40.11% for EDBL’s stock, with a -94.77% simple moving average for the past 200 days.
EDBL Trading at -72.53% 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 -98.35% of loss for the given period.
Volatility was left at 16.46%, however, over the last 30 days, the volatility rate increased by 9.29%, as shares sank -77.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -80.29% lower at present.
During the last 5 trading sessions, EDBL rose by +3.55%, which changed the moving average for the period of 200-days by -97.94% in comparison to the 20-day moving average, which settled at $0.3675. In addition, Edible Garden AG Inc saw -97.81% 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 0.51. 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
In conclusion, Edible Garden AG Inc (EDBL) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
