Edible Garden AG Inc (NASDAQ: EDBL)’s stock price has increased by 5.28 compared to its previous closing price of 0.16. However, the company has seen a 6.36% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that 20-year digital marketing veteran brings proven expertise to drive growth and innovation through strategic digital initiatives 20-year digital marketing veteran brings proven expertise to drive growth and innovation through strategic digital initiatives
Is It Worth Investing in Edible Garden AG Inc (NASDAQ: EDBL) Right Now?
Additionally, the 36-month beta value for EDBL is 2.05. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for EDBL is 17.36M and currently, short sellers hold a 3.91% ratio of that float. The average trading volume of EDBL on November 27, 2024 was 4.30M shares.
EDBL’s Market Performance
EDBL stock saw an increase of 6.36% in the past week, with a monthly gain of 12.05% and a quarterly increase of -85.48%. The volatility ratio for the week is 9.81%, and the volatility levels for the last 30 days are 13.70% for Edible Garden AG Inc (EDBL). The simple moving average for the last 20 days is 7.08% for EDBL stock, with a simple moving average of -94.05% for the last 200 days.
EDBL Trading at -33.46% 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 -98.73% of loss for the given period.
Volatility was left at 13.70%, however, over the last 30 days, the volatility rate increased by 9.81%, as shares surge +14.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -82.42% lower at present.
During the last 5 trading sessions, EDBL rose by +5.08%, which changed the moving average for the period of 200-days by -98.22% in comparison to the 20-day moving average, which settled at $0.1545. In addition, Edible Garden AG Inc saw -98.36% 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:
- -0.63 for the present operating margin
- 0.18 for the gross margin
The net margin for Edible Garden AG Inc stands at -0.87. The total capital return value is set at -2.2. Equity return is now at value -338.80, with -129.00 for asset returns.
Based on Edible Garden AG Inc (EDBL), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at -4.19. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is -8.79.
Currently, EBITDA for the company is -8.22 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.22. The receivables turnover for the company is 8.45for trailing twelve months and the total asset turnover is 1.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Edible Garden AG Inc (EDBL) has seen mixed 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.
