During the last session, Edible Garden AG Inc (NASDAQ:EDBL)’s traded shares were 0.76 million, with the beta value of the company hitting 2.03. The 52-week high for the EDBL share is $13.00, that puts it down -8025.0 from that peak though still a striking 25.0% gain since the share price plummeted to a 52-week low of $0.12. The company’s market capitalization is $3.03M, and the average intraday trading volume over the past 10 days was 3.02 million shares, and the average trade volume was 4.25 million shares over the past three months.
Edible Garden AG Inc (NASDAQ:EDBL) trade information
Edible Garden AG Inc (EDBL) registered a 0.94% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.94% in intraday trading to $0.16, hitting a weekly high. The stock’s 5-day price performance is 8.53%, and it has moved by -25.01% in 30 days. Based on these gigs, the overall price performance for the year is -98.20%. The short interest in Edible Garden AG Inc (NASDAQ:EDBL) is 0.3 million shares and it means that shorts have 0.03 day(s) to cover.
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Edible Garden AG Inc (EDBL) estimates and forecasts
In the rating firms’ projections, revenue will increase 0.43% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.12M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.89M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.08M and 3.13M respectively. In this case, analysts expect current quarter sales to grow by 1.00% and then jump by 24.27% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 32.73%. While earnings are projected to return 74.24% in 2024.
EDBL Dividends
Edible Garden AG Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Edible Garden AG Inc (NASDAQ:EDBL)’s Major holders
Edible Garden AG Inc insiders own 10.21% of total outstanding shares while institutional holders control 2.42%, with the float percentage being 2.70%.
Also, the Mutual Funds coming in first place with the largest holdings of Edible Garden AG Inc (EDBL) shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Fidelity Extended Market Index Fund owns about 15.16 shares. This amounts to just over 0.08 percent of the company’s overall shares, with a $2431.0 market value. The same data shows that the other fund manager holds slightly less at 1.77, or about 0.01% of the stock, which is worth about $283.0.
