Edible Garden AG Inc (NASDAQ:EDBL) currently has a daily average trading volume of 18.57M but it saw 3532430 shares traded in last market. With a market cap of 4.30M USD, the company’s current market price of $0.22 came falling about -5.98 while comparing to the previous closing price of $0.23. 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 $0.2101 while lowest mark touched by it was $0.2476.
Taking a look at 20-day trading activity of Edible Garden AG Inc (EDBL) gives us an average price of $0.2720, while its current price level is -98.24% below from 52-week high level whereas it is 80.33% 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 $0.2043 while that of 200 days or SMA-200 reads an average of $1.6513. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.83% during that period while stretching the period over a month that increases to 30.03%. 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 43.01 which implies that the stock is in neutral territory.
Over the week, EDBL’s stock price is moving -30.88% down while it is 38.02% when we observe its performance for the past one month. Year-to-date it is -31.57% down and over the past year, the stock is showing a downside performance of -97.92%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.36 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $3.89M as analysts are expecting the sales for current fiscal year at $14.11M and seeing the company making $20.09M in sales next year. Moreover, analysts are in estimates of $4.12M for current-quarter revenue.
Currently, Edible Garden AG Inc’s total number of outstanding shares is 18.91M with 10.21% of that held by the insiders while 2.42% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -305.84% and return on equity (ROE) at -338.80%. Stock’s beta reads 1.48. Stock has a price to book (P/B) ratio of 0.42 while price to sale or P/S ratio amounts to 0.31. Its return on asset (ROA) is -129.00% on average.
