Edible Garden AG Incorporated (NASDAQ:EDBL) saw a downside of -6.79% to $0.34 after subtracting -$0.03 on Wednesday. The 5-day average trading volume is 1,638,763 shares of the company’s common stock. It has gained $0.4980 in the past week and touched a new high 3 times within the past 5 days. An average of 915,766 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 695,302.
EDBL’s 1-month performance is 72.09% or $0.1331 on its low of $0.1999 reached on 12/30/22. The company’s shares have touched a 52-week low of $0.19 and high of $3.00. YTD, EDBL has achieved 73.81% or $0.1500 and has reached a new high 5 times. However, the current price is down -88.66% from the 52-week high price.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.30.
Edible Garden AG Incorporated’s quick ratio for the recent period was 0.60, with the current ratio over the same period at 0.70. In terms of profitability, the gross margin trailing 12 months is 5.80%.
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to -$2.07 million, while revenue of -$4.78 million was -130.92% off the previous quarter. EBITDA for the quarter stood at more than -$1.53 million. EDBL stock balance sheet for the recent quarter shows that total liabilities totaled 9.03 million, with total debt at $6.01 million. Shareholders hold equity totaling $9.86 million.
Let’s look briefly at Edible Garden AG Incorporated (EDBL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 76.68% to suggest the stock is trending Overbought, with historical volatility in this time period at 106.58%.
The stock’s 5-day moving average is $0.3479, reflecting a +42.91% or $0.1081 change from its current price. EDBL is currently trading +58.66% above its 20-day SMA, -56.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.75%.
Stochastic %K and %D was 52.60% and 62.90% and the average true range (ATR) pointed at 0.0649. The RSI (14) points at 65.18%, while the 14-day stochastic is at 52.43% with the period’s ATR at 0.0643. The stock’s 9-day MACD Oscillator is pointing at 0.0533 and 0.0773 on the 14-day charts.
Analysts offering their rating for EDBL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EDBL as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is EDBL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $3.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for Edible Garden AG Incorporated (EDBL) stock is $3.00.