In the last trading session, 11.6 million shares of the Edible Garden AG Inc (NASDAQ:EDBL) were traded, and its beta was 1.85. Most recently the company’s share price was $0.19, and it changed around -$0.03 or -11.16% from the last close, which brings the market valuation of the company to $0.60M. EDBL currently trades at a discount to its 52-week high of $13.40, offering almost -6952.63% off that amount. We note from Edible Garden AG Inc’s average daily trading volume that its 10-day average is 19.46 million shares, with the 3-month average coming to 3.59 million.
Edible Garden AG Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended EDBL as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Edible Garden AG Inc is expected to report earnings per share of -0.43 for the current quarter.
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Edible Garden AG Inc (NASDAQ:EDBL) trade information
Instantly EDBL has showed a red trend with a performance of -11.16% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3188 on recent trading dayincreased the stock’s daily price by 40.4%. The company’s shares are currently down -98.10% year-to-date, but still down -11.98% over the last five days. On the other hand, Edible Garden AG Inc (NASDAQ:EDBL) is -34.14% down in the 30-day period. We can see from the shorts that 0.19 million shares have been sold at a short interest cover period of 0.18 day(s).
Edible Garden AG Inc (EDBL) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 99.00% in revenue this quarter, and will report an increase of 96.90% in the next quarter. The year-over-year growth rate is expected to be 12.00%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 3.71M in revenue for the current quarter. 1 analysts expect Edible Garden AG Inc to make 4.61M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.29M and 4.08M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.80%. Forecasts for the next quarter put sales growth at 12.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.73%.
EDBL Dividends
Edible Garden AG Inc’s next quarterly earnings report is expected to be released in November.
Edible Garden AG Inc (NASDAQ:EDBL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.23% of Edible Garden AG Inc shares, and 0.43% of them are in the hands of institutional investors. The stock currently has a share float of 0.48%.
