Why Edible Garden AG Inc (NASDAQ: EDBL) Is Worth Including On Your Watchlist

Edible Garden AG Inc (NASDAQ:EDBL)’s traded shares stood at 1.51 million during the last session, with the company’s beta value hitting 1.81. At the close of trading, the stock’s price was $0.21, to imply a decrease of -9.57% or -$0.03 in intraday trading. The EDBL share’s 52-week high remains $15.20, putting it -7138.1% down since that peak but still an impressive -9.52% since price per share fell to its 52-week low of $0.23. The company has a valuation of $0.67M, with an average of 1.19 million shares in intraday trading volume over the past 10 days and average of 625.44K shares over the past 3 months.

Edible Garden AG Inc (NASDAQ:EDBL) trade information

After registering a -9.57% downside in the last session, Edible Garden AG Inc (EDBL) has traded red over the past five days. The 5-day price performance for the stock is -58.13%, and -80.06% over 30 days. With these gigs, the year-to-date price performance is -97.88%. Short interest in Edible Garden AG Inc (NASDAQ:EDBL) saw shorts transact 82535.0 shares and set a 0.07 days time to cover.

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Edible Garden AG Inc (EDBL) estimates and forecasts

Revenue is forecast to grow 99.00% this quarter before jumping 96.90% for the next one. The rating firms project that company’s revenue will grow 12.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 3.71M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 4.61M.Earnings reports from the last fiscal year show that sales brought in 3.29M and 4.08M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.80% before jumping 12.90% in the following quarter.

EDBL Dividends

Edible Garden AG Inc has its next earnings report out in November. 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 (NASDAQ:EDBL)’s Major holders

Edible Garden AG Inc insiders hold 3.85% of total outstanding shares, with institutional holders owning 0.43% of the shares at 0.45% float percentage. In total, 0.43% institutions holds shares in the company.