Buy, Sell Or Hold Edible Garden AG Inc (NASDAQ:EDBL) At $1.59?

In recent trading session, Edible Garden AG Inc (NASDAQ:EDBL) saw 0.68 million shares changing hands at last check today with its beta currently measuring 1.97. Company’s recent per share price level of $1.59 trading at $0.0 or 0.00% at last check today assigns it a market valuation of $5.09M. That most recent trading price of EDBL’s stock is at a discount of -5535.22% from its 52-week high price of $89.60 and is indicating a premium of 4.4% from its 52-week low price of $1.52. Taking a look at company’s average trading volume volume of 1.19 million if we extend that period to 3-months.

Edible Garden AG Inc (NASDAQ:EDBL) trade information

In the last five days EDBL remained trading in the red while hitting it’s week-highest on Friday, 06/14/24 when the stock touched $1.59 price level, adding 11.67% to its value on the day. Edible Garden AG Inc’s shares saw a change of -84.21% in year-to-date performance and have moved -9.66% in past 5-day. Edible Garden AG Inc (NASDAQ:EDBL) showed a performance of -67.81% in past 30-days.

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Edible Garden AG Inc (EDBL) estimates and forecasts

This year revenue growth is estimated to rise 14.40% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.43M for the same. And 1 analysts are in estimates of company making revenue of 3.71M in the next quarter. Company posted 4.22M and 3.29M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 32.73% during past 5 years.

EDBL Dividends

Edible Garden AG Inc is more likely to be releasing its next quarterly report in July 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.