In last trading session, Edible Garden AG Inc (NASDAQ:EDBL) saw 0.38 million shares changing hands with its beta currently measuring 2.26. Company’s recent per share price level of $0.45 trading at $0.04 or 9.80% at ring of the bell on the day assigns it a market valuation of $2.55M. That closing price of EDBL’s stock is at a discount of -4300.0% from its 52-week high price of $19.80 and is indicating a premium of 15.56% from its 52-week low price of $0.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.13 million shares which gives us an average trading volume of 1.47 million if we extend that period to 3-months.
For Edible Garden AG Inc (EDBL), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $DoubleLine Opportunistic Credit in the current quarter.
Edible Garden AG Inc (NASDAQ:EDBL) trade information
Upright in the green during last session for gaining 9.80%, in the last five days EDBL remained trading in the red while hitting it’s week-highest on Monday, 11/13/23 when the stock touched $0.45 price level, adding 23.97% to its value on the day. Edible Garden AG Inc’s shares saw a change of -92.90% in year-to-date performance and have moved -29.16% in past 5-day. Edible Garden AG Inc (NASDAQ:EDBL) showed a performance of -22.80% in past 30-days. Number of shares sold short was 99820.0 shares which calculate 0.78 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.00 to the stock, which implies a rise of 77.5% to its current value. Analysts have been projecting $2.00 as a low price target for the stock while placing it at a high target of $2.00. It follows that stock’s current price would drop -344.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -344.44% for stock’s current value.
Edible Garden AG Inc is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Edible Garden AG Inc (NASDAQ:EDBL)’s Major holders
Insiders are in possession of 22.48% of company’s total shares while institution are holding 2.89 percent of that, with stock having share float percentage of 3.73%. Investors also watch the number of corporate investors in a company very closely, which is 2.89% institutions for Edible Garden AG Inc that are currently holding shares of the company. Sabby Management, LLC is the top institutional holder at EDBL for having 0.12 million shares of worth $0.16 million. And as of Jun 29, 2023, it was holding 2.18% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 35337.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.62% of outstanding shares, having a total worth of $44877.0.