Edible Garden AG Inc [EDBL] is -50.93% lower this YTD. Is it still time to buy?

Edible Garden AG Inc [NASDAQ: EDBL] gained 15.69% on the last trading session, reaching $4.94 price per share at the time.

If compared to the average trading volume of 595.63K shares, EDBL reached a trading volume of 18550267 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Edible Garden AG Inc [EDBL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDBL shares is $40.00 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 1.00. 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 Inc is set at 1.32, with the Price to Sales ratio for EDBL stock in the period of the last 12 months amounting to 0.18.

Trading performance analysis for EDBL stock

Edible Garden AG Inc [EDBL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.11. With this latest performance, EDBL shares gained by 8.57% in over the last four-week period, additionally sinking by -53.31% over the last 6 months – not to mention a drop of -85.21% 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 47.45, with the RSI for the last a single of trading hit 51.02, and the three-weeks RSI is set at 45.90 for Edible Garden AG Inc [EDBL]. The present Moving Average for the last 50 days of trading for this stock 5.98, while it was recorded at 4.25 for the last single week of trading, and 11.87 for the last 200 days.

Edible Garden AG Inc [EDBL]: A deeper dive into fundamental analysis

Edible Garden AG Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.19 and a Current Ratio set at 0.27.

An analysis of Institutional ownership at Edible Garden AG Inc [EDBL]

The top three institutional holders of EDBL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in EDBL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in EDBL stock with ownership which is approximately 5.8386%.