Edible Garden AG Incorporated [NASDAQ: EDBL] jumped around 0.7 points on Friday, while shares priced at $1.99 at the close of the session, up 54.26%. The company report on August 21, 2023 at 8:00 AM that Edible Garden Receives Notice of Allowance for US Patent for its Self-Watering Display; Underscores AgTech Leader’s Dedication to Sustainability.
State-of-the-Art Technology Allows Retailers to Display Plants in Optimal Freshness Leading to Reduced Shrink and Better Product for Consumers.
Edible Garden AG Incorporated stock is now -68.41% down from its year-to-date (YTD) trading value. EDBL Stock saw the intraday high of $4.4799 and lowest of $1.48 per share. The company’s 52-week high price is 29.70, which means current price is +73.04% above from all time high which was touched on 01/26/23.
Compared to the average trading volume of 1.34M shares, EDBL reached a trading volume of 73099574 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Edible Garden AG Incorporated [EDBL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDBL shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EDBL stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Edible Garden AG Incorporated is set at 0.38, with the Price to Sales ratio for EDBL stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 0.77.
How has EDBL stock performed recently?
Edible Garden AG Incorporated [EDBL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 68.64. With this latest performance, EDBL shares gained by 56.69% in over the last four-week period, additionally sinking by -26.02% over the last 6 months – not to mention a drop of -91.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EDBL stock in for the last two-week period is set at 68.78, with the RSI for the last a single of trading hit 73.64, and the three-weeks RSI is set at 64.98 for Edible Garden AG Incorporated [EDBL]. The present Moving Average for the last 50 days of trading for this stock 1.2993, while it was recorded at 1.4420 for the last single week of trading, and 3.8186 for the last 200 days.
Edible Garden AG Incorporated [EDBL]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Edible Garden AG Incorporated [EDBL] shares currently have an operating margin of -77.94 and a Gross Margin at +3.15. Edible Garden AG Incorporated’s Net Margin is presently recorded at -107.80.
Additionally, EDBL Total Debt to Total Capital is recorded at 151.05, with Total Debt to Total Assets ending up at 92.61.
Reflecting on the efficiency of the workforce at the company, Edible Garden AG Incorporated [EDBL] managed to generate an average of -$161,727 per employee. Receivables Turnover for the company is 12.34 with a Total Asset Turnover recorded at a value of 2.11.Edible Garden AG Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.50.
Insider trade positions for Edible Garden AG Incorporated [EDBL]
The top three institutional holders of EDBL stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in EDBL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in EDBL stock with ownership which is approximately 5.7381%.