Edible Garden AG Inc (NASDAQ: EDBL): Retirees Don’t Worry About Volatility

Edible Garden AG Inc (NASDAQ:EDBL) currently has a daily average trading volume of 4.49M but it saw 1940712 shares traded in last market. With a market cap of 2.87M USD, the company’s current market price of $0.15 came falling about -0.46 while comparing to the previous closing price of $0.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.00 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.1429 while lowest mark touched by it was $0.158.

Taking a look at 20-day trading activity of Edible Garden AG Inc (EDBL) gives us an average price of $0.1736, while its current price level is -98.83% below from 52-week high level whereas it is 24.51% 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 $0.3916 while that of 200 days or SMA-200 reads an average of $3.1925. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.13% during that period while stretching the period over a month that increases to 18.05%. 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 27.89 which implies that the stock is in oversold territory.

Over the week, EDBL’s stock price is moving -3.43% down while it is -28.69% when we observe its performance for the past one month. Year-to-date it is -98.49% down and over the past year, the stock is showing a downside performance of -98.50%.

Currently, Edible Garden AG Inc’s total number of outstanding shares is 3.16M. Company’s return on investment (ROI) stands at -305.84% and return on equity (ROE) at -338.80%. Stock’s beta reads 2.02. Stock has a price to book (P/B) ratio of 0.29 while price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is -129.00% on average.