In the latest trading session, 1.44 million Edible Garden AG Inc (NASDAQ:EDBL) shares changed hands as the company’s beta touched 1.85. With the company’s most recent per share price at $0.23 changing hands around $0.02 or 11.88% at last look, the market valuation stands at $0.74M. EDBL’s current price is a discount, trading about -5726.09% off its 52-week high of $13.40. The share price had its 52-week low at $0.19, which suggests the last value was 17.39% up since then. When we look at Edible Garden AG Inc’s average trading volume, we note the 10-day average is 1.02 million shares, with the 3-month average coming to 844.18K.
Edible Garden AG Inc (NASDAQ:EDBL) trade information
Instantly EDBL is in green as seen in intraday trades today. With action 10.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -97.69%, with the 5-day performance at 10.28% in the green. However, in the 30-day time frame, Edible Garden AG Inc (NASDAQ:EDBL) is -72.69% down. Looking at the short shares, we see there were 0.24 million shares sold at short interest cover period of 0.52 days.
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Edible Garden AG Inc (EDBL) estimates and forecasts
Year-over-year growth is forecast to reach 12.00% 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 3.71M. 1 analysts are of the opinion that Edible Garden AG Inc’s revenue for the current quarter will be 4.61M. The company’s revenue for the corresponding quarters a year ago was 3.29M and 4.08M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.80%. The estimates for the next quarter sales put growth at 12.90%.
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 74.94%.
EDBL Dividends
Edible Garden AG Inc is expected to release its next quarterly earnings report on 2024-Nov-13.
Edible Garden AG Inc (NASDAQ:EDBL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.23% of Edible Garden AG Inc shares while 0.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.48%.
Among Mutual Funds, the top two as of Aug 31, 2024 were Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund. With 3.0 shares estimated at $687.0 under it, the former controlled 0.09% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.06% of the shares, roughly 1.77 shares worth around $405.0.
