Edible Garden AG Inc (NASDAQ:EDBL)’s traded shares stood at 0.16 million during the last session, with the company’s beta value hitting 2.39. At the close of trading, the stock’s price was $0.32, to imply an increase of 0.31% or $0.0 in intraday trading. The EDBL share’s 52-week high remains $4.48, putting it -1300.0% down since that peak but still an impressive 15.62% since price per share fell to its 52-week low of $0.27. The company has a valuation of $1.83M, with an average of 0.15 million shares in intraday trading volume over the past 10 days and average of 116.38K shares over the past 3 months.
Edible Garden AG Inc (NASDAQ:EDBL) trade information
After registering a 0.31% upside in the last session, Edible Garden AG Inc (EDBL) has traded red over the past five days. The stock hit a weekly high of 0.3400, jumping 0.31% in its intraday price action. The 5-day price performance for the stock is 8.11%, and -24.37% over 30 days. With these gigs, the year-to-date price performance is -36.43%. Short interest in Edible Garden AG Inc (NASDAQ:EDBL) saw shorts transact 58110.0 shares and set a 0.68 days time to cover.
Edible Garden AG Inc (EDBL) estimates and forecasts
The rating firms project that company’s revenue will grow 13.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $3.07 million. Meanwhile, for the quarter ending Dec 2023, a total of 1 analyst(s) estimate revenue growth to $4.25 million.Earnings reports from the last fiscal year show that sales brought in $2.75 million and $3.08 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 11.50% before jumping 38.20% in the following quarter.
EDBL Dividends
Edible Garden AG Inc has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Edible Garden AG Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Edible Garden AG Inc (NASDAQ:EDBL)’s Major holders
Edible Garden AG Inc insiders hold 4.52% of total outstanding shares, with institutional holders owning 11.40% of the shares at 11.94% float percentage. In total, 11.40% institutions holds shares in the company, led by Sabby Management, LLC. As of Jun 29, 2023, the company held over 0.12 million shares (or 2.18% of shares), all amounting to roughly $0.16 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 35337.0 shares, or about 0.62% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $44877.0.
Going by data provided on Jun 29, 2023, Vanguard Extended Market Index Fund holds roughly 35337.0 shares. This is just over 0.62% of the total shares, with a market valuation of $44877.0
