Now Is The Time To Build A Position In Edible Garden AG Inc (NASDAQ:EDBL)

In last trading session, Edible Garden AG Inc (NASDAQ:EDBL) saw 4.65 million shares changing hands with its beta currently measuring 1.92. Company’s recent per share price level of $0.15 trading at $0.0 or 0.20% at ring of the bell on the day assigns it a market valuation of $2.81M. That closing price of EDBL’s stock is at a discount of -8833.33% from its 52-week high price of $13.40 and is indicating a premium of 20.0% from its 52-week low price of $0.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.28 million shares which gives us an average trading volume of 4.08 million if we extend that period to 3-months.

Edible Garden AG Inc (NASDAQ:EDBL) trade information

Upright in the green during last session for gaining 0.20%, in the last five days EDBL remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $0.15 price level, adding 8.65% to its value on the day. Edible Garden AG Inc’s shares saw a change of -98.53% in year-to-date performance and have moved 3.77% in past 5-day. Edible Garden AG Inc (NASDAQ:EDBL) showed a performance of -27.21% in past 30-days. Number of shares sold short was 0.19 million shares which calculate 0.18 days to cover the short interests.

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Edible Garden AG Inc (EDBL) estimates and forecasts

This year revenue growth is estimated to rise 12.00% 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 3.71M for the same. And 1 analysts are in estimates of company making revenue of 4.61M in the next quarter. Company posted 3.29M and 4.08M 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.

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

Insiders are in possession of 10.23% of company’s total shares while institution are holding 0.43 percent of that, with stock having share float percentage of 0.48%. Investors also watch the number of corporate investors in a company very closely, which is 0.43% institutions for Edible Garden AG Inc that are currently holding shares of the company.