Investors Are Waking Up To Edible Garden AG Inc (NASDAQ: EDBL) After Losing -98.72% Over The Past 12 Months

Edible Garden AG Inc (NASDAQ:EDBL) currently has a daily average trading volume of 3.99M but it saw 1809950 shares traded in last market. With a market cap of 2.71M USD, the company’s current market price of $0.14 came rising about 0.42 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.40 and as low as $0.14. In the recent trading on the day, stock has struck highest price mark of $0.1305 while lowest mark touched by it was $0.1446.

Taking a look at 20-day trading activity of Edible Garden AG Inc (EDBL) gives us an average price of $0.2008, while its current price level is -98.93% below from 52-week high level whereas it is 2.64% 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 $0.5850 while that of 200 days or SMA-200 reads an average of $3.6740. A closer look into the stock’s movement over the week reveals that its volatility is standing at 24.09% during that period while stretching the period over a month that decreases to 15.74%. 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 15.85 which implies that the stock is in oversold territory.

Over the week, EDBL’s stock price is moving -32.82% down while it is -32.72% when we observe its performance for the past one month. Year-to-date it is -98.57% down and over the past year, the stock is showing a downside performance of -98.72%.

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 1.86. Stock has a price to book (P/B) ratio of 0.89 while price to sale or P/S ratio amounts to 0.18. Its return on asset (ROA) is -127.87% on average.