In today’s recent session, 1.19 million shares of the Edible Garden AG Inc (NASDAQ:EDBL) have been traded, and its beta is 2.06. Most recently the company’s share price was $0.16, and it changed around -$0.01 or -3.78% from the last close, which brings the market valuation of the company to $3.03M. EDBL at last check was trading at a discount to its 52-week high of $13.00, offering almost -8025.0% off that amount. The share price’s 52-week low was $0.12, which indicates that the recent value has risen by an impressive 25.0% since then. We note from Edible Garden AG Inc’s average daily trading volume that its 10-day average is 1.38 million shares, with the 3-month average coming to 4.54 million.
Edible Garden AG Inc stock received a consensus recommendation rating of Overweight, 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 1 rate it as Overweight. Among the rest, 0 recommended EDBL as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Edible Garden AG Inc is expected to report earnings per share of -0.36 for the current quarter.
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Edible Garden AG Inc (NASDAQ:EDBL) trade information
Instantly EDBL has been showing red trend so far today with a performance of -3.78% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.1869 on recent trading dayincreased the stock’s daily price by 14.39%. The company’s shares are currently down -98.41% year-to-date, but still down -3.89% over the last five days. On the other hand, Edible Garden AG Inc (NASDAQ:EDBL) is -7.18% down in the 30-day period. We can see from the shorts that 0.3 million shares have been sold at a short interest cover period of 0.03 day(s).
Edible Garden AG Inc (EDBL) estimates and forecasts
The year-over-year growth rate is expected to be 0.43%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 4.12M in revenue for the current quarter. 1 analysts expect Edible Garden AG Inc to make 3.89M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.08M and 3.13M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.00%. Forecasts for the next quarter put sales growth at 24.27%.
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 January.
Edible Garden AG Inc (NASDAQ:EDBL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.21% of Edible Garden AG Inc shares, and 2.42% of them are in the hands of institutional investors. The stock currently has a share float of 2.70%.
Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Oct 31, 2024. The former held 15.16 shares worth $2446.0, making up 0.08% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 1.77 shares worth around $285.0, which represents about 0.01% of the total shares outstanding.
