Edible Garden AG Inc [NASDAQ: EDBL] traded at a high on Friday, posting a 13.84 gain after which it closed the day’ session at $0.20.
The results of the trading session contributed to over 6710460 shares changing hands. Over the past one week, the price volatility of Edible Garden AG Inc stands at 10.60% while the volatility over the past one month is 14.58%.
The market cap for EDBL stock reached $3.81 million, with 18.91 million shares outstanding and 18.88 million shares in the current float. Compared to the average trading volume of 16.96M shares, EDBL reached a trading volume of 6710460 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 Inc [EDBL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDBL shares is $0.50 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 0.04, with the Price to Sales ratio for EDBL stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 0.39, with the Price to Cash per share for the same quarter was set at 0.12.
How has EDBL stock performed recently?
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 4.73. With this latest performance, EDBL shares dropped by -8.41% in over the last four-week period, additionally sinking by -84.50% over the last 6 months – not to mention a drop of -97.81% 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 43.20, with the RSI for the last a single of trading hit 43.36, and the three-weeks RSI is set at 44.18 for Edible Garden AG Inc [EDBL]. The present Moving Average for the last 50 days of trading for this stock 0.2358, while it was recorded at 0.1841 for the last single week of trading, and 1.0301 for the last 200 days.
Edible Garden AG Inc [EDBL]: Deeper insight into the fundamentals
Edible Garden AG Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 1.11.
Earnings analysis for Edible Garden AG Inc [EDBL]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EDBL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Edible Garden AG Inc go to 86.25%.
Insider trade positions for Edible Garden AG Inc [EDBL]
There are presently around $4.08%, or 4.26%% of EDBL stock, in the hands of institutional investors.
