Should Investors Trust The Upside Potential In Edible Garden AG Inc (EDBL)?

money audit

Edible Garden AG Inc (NASDAQ:EDBL) currently has a daily average trading volume of 17.13M but it saw 1923710 shares traded in last market. With a market cap of 6.07M USD, the company’s current market price of $0.31 came falling about -3.27 while comparing to the previous closing price of $0.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.47 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.293 while lowest mark touched by it was $0.33.

Taking a look at 20-day trading activity of Edible Garden AG Inc (EDBL) gives us an average price of $0.2244, while its current price level is -97.51% below from 52-week high level whereas it is 154.92% 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 $0.1886 while that of 200 days or SMA-200 reads an average of $1.8838. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.68% during that period while stretching the period over a month that increases to 26.16%. 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 64.05 which implies that the stock is in neutral territory.

Over the week, EDBL’s stock price is moving -12.89% down while it is 93.53% when we observe its performance for the past one month. Year-to-date it is -3.27% down and over the past year, the stock is showing a downside performance of -96.82%.

Currently, Edible Garden AG Inc’s total number of outstanding shares is 18.91M. Company’s return on investment (ROI) stands at -305.84% and return on equity (ROE) at -338.80%. Stock’s beta reads 1.46. Stock has a price to book (P/B) ratio of 0.59 while price to sale or P/S ratio amounts to 0.43. Its return on asset (ROA) is -129.00% on average.