Edible Garden AG Inc (NASDAQ: EDBL) Drops -58.07% Over A Month, But Analysts Still See Upside Potential

Edible Garden AG Inc (NASDAQ:EDBL) currently has a daily average trading volume of 1.40M but it saw 3013278 shares traded in last market. With a market cap of 0.68M USD, the company’s current market price of $0.21 came falling about -1.47 while comparing to the previous closing price of $0.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.40 and as low as $0.19. In the recent trading on the day, stock has struck highest price mark of $0.1955 while lowest mark touched by it was $0.2254.

Taking a look at 20-day trading activity of Edible Garden AG Inc (EDBL) gives us an average price of $0.2191, while its current price level is -98.40% below from 52-week high level whereas it is 12.58% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.6872 while that of 200 days or SMA-200 reads an average of $3.9248. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.29% during that period while stretching the period over a month that decreases to 16.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 19.92 which implies that the stock is in oversold territory.

Over the week, EDBL’s stock price is moving 0.42% up while it is -58.07% when we observe its performance for the past one month. Year-to-date it is -97.88% down and over the past year, the stock is showing a downside performance of -98.04%.

Currently, Edible Garden AG Inc’s total number of outstanding shares is 3.16M. Company’s return on investment (ROI) stands at -996.04% and return on equity (ROE) at -603.21%. Stock’s beta reads 1.85. Stock has a price to book (P/B) ratio of 1.32 while price to sale or P/S ratio amounts to 0.05. Its return on asset (ROA) is -127.87% on average.