Edible Garden AG Inc (EDBL) Shares Are Down -97.90% YTD

Edible Garden AG Inc (NASDAQ:EDBL) has a beta value of 1.85 and has seen 1.62 million shares traded in the last trading session. The EDBL stock price is -6280.95% off its 52-week high price of $13.40 and 9.52% above the 52-week low of $0.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.34 million shares traded. The 3-month trading volume is 767.12K shares.

Edible Garden AG Inc (NASDAQ:EDBL) trade information

Sporting -1.77% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the EDBL stock price touched $0.21 or saw a rise of 8.06%. Year-to-date, Edible Garden AG Inc shares have moved -97.90%, while the 5-day performance has seen it change 0.52%. Over the past 30 days, the shares of Edible Garden AG Inc (NASDAQ:EDBL) have changed -79.11%. Short interest in the company has seen 0.24 million shares shorted with days to cover at 0.52.

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Edible Garden AG Inc (EDBL) estimates and forecasts

The company’s shares have lost -95.98% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 12.00%.

1 analysts offering their estimates for the company have set an average revenue estimate of 3.71M for the current quarter. 1 have an estimated revenue figure of 4.61M for the next ending quarter. Year-ago sales stood 3.29M and 4.08M respectively for this quarter and the next, and analysts expect sales will grow by 12.80% for the current quarter and 12.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 32.73% over the past 5 years.

EDBL Dividends

Edible Garden AG Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Edible Garden AG Inc (NASDAQ:EDBL)’s Major holders

Insiders own 10.23% of the company shares, while shares held by institutions stand at 0.43% with a share float percentage of 0.48%. Investors are also buoyed by the number of investors in a company, with Edible Garden AG Inc having a total of 8.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund . As of Aug 31, 2024 , the former fund manager holds about 0.09% shares in the company for having 3.0 shares of worth $631.0 while later fund manager owns 1.77 shares of worth $372.0 as of Jun 30, 2024 , which makes it owner of about 0.06% of company’s outstanding stock.