In today’s recent session, 16.11 million shares of the Edible Garden AG Inc (NASDAQ:EDBL) have been traded, and its beta is 2.21. Most recently the company’s share price was $5.70, and it changed around $1.43 or 33.49% from the last close, which brings the market valuation of the company to $3.13M. EDBL at last check was trading at a discount to its 52-week high of $89.60, offering almost -1471.93% off that amount. The share price’s 52-week low was $3.61, which indicates that the recent value has risen by an impressive 36.67% since then. We note from Edible Garden AG Inc’s average daily trading volume that its 3-month average coming to 595.63K.
Edible Garden AG Inc (NASDAQ:EDBL) trade information
Instantly EDBL has been showing a green trend so far today with a performance of 33.49% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -43.38% year-to-date, but still up 21.28% over the last five days. On the other hand, Edible Garden AG Inc (NASDAQ:EDBL) is 25.27% up in the 30-day period.
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Edible Garden AG Inc (EDBL) estimates and forecasts
The year-over-year growth rate is expected to be 21.60%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $3.29 million in revenue for the current quarter. 1 analysts expect Edible Garden AG Inc to make $4.08 million in revenue for the quarter ending Dec 2023. The company’s sales for the same quarters a year ago were $2.75 million and $3.08 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 19.40%. Forecasts for the next quarter put sales growth at 32.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.73%.
