Is Edible Garden AG Inc (NASDAQ: EDBL) a Risk-Worthy Bet for Bold Investors?

In the latest trading session,, 0.59 million Edible Garden AG Inc (NASDAQ:EDBL) shares changed hands as the company’s beta touched 1.94. With the company’s most recent per share price at $1.87 changed hands at -$0.31 or -14.22% at last look, the market valuation stands at $5.98M. EDBL’s current price is a discount, trading about -4691.44% off its 52-week high of $89.60. The share price had its 52-week low at $1.82, which suggests the last value was 2.67% up since then. When we look at Edible Garden AG Inc’s average trading volume, we note the 3-month average coming to 1.11 million.

Edible Garden AG Inc (NASDAQ:EDBL) trade information

Instantly EDBL was in red as seen in intraday trades today. With action -50.79%, the performance over the past five days has been red. The drop to weekly highs of 5.86 subtracted -14.22% to the stock’s daily price. The company’s shares are showing year-to-date downside of -81.43%, with the 5-day performance at -50.79% in the red. However, in the 30-day time frame, Edible Garden AG Inc (NASDAQ:EDBL) is -65.94% down.

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Edible Garden AG Inc (EDBL) estimates and forecasts

Year-over-year growth is forecast to reach 14.40% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 4.43M. 1 analysts are of the opinion that Edible Garden AG Inc’s revenue for the current quarter will be 3.71M. The company’s revenue for the corresponding quarters a year ago was 4.22M and 3.29M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.00%. The estimates for the next quarter sales put growth at 12.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 32.73%. The 2024 estimates are for Edible Garden AG Inc earnings to increase by 63.72%.

EDBL Dividends

Edible Garden AG Inc is expected to release its next quarterly earnings report in June.