At the last check on Friday, Edible Garden AG Incorporated’s (NASDAQ:EDBL) stock was up $2.14, moving up 165.88 percent to $3.43. The average number of shares traded per day over the past five days has been 8,266,123 shares. 5 times new highs have been achieved over the past 5 days, with a $1.8917 gain in that time frame. In the last twenty days, the average volume was 6,054,940, while in the previous 50 days, it was 2,499,866.
Since last month, EDBL stock rose 170.07%. Shares of the company fell to $1.1650 on 08/25/23, the lowest level in the past month. A 52-week high of $29.70 was reached on 01/26/23 after having rallying from a 52-week low of $1.15. Since the beginning of this year, EDBL’s stock price has dropped by -45.56% or -$3.2283, and marked a new high 6 times. However, the stock has declined by -88.45% since its 52-week high.
EDBL stock investors should be aware that Edible Garden AG Incorporated (EDBL) stock had its last reported insider trading activity 91 days ago on Jun 02. DonAroma Pamela, the Director of the company, purchased of 1,000 shares for $1.51 on Jun 02. It resulted in a $1,510 investment by the insider. Kras James E. added 1,000 shares at an average price of $1.68 on May 18. The insider now owns 47,265 shares following the transaction. On Sep 14, Chief Financial Officer JAMES MICHAEL C bought 1,000 shares at $0.88 apiece. The transaction was valued at $880.
Valuation Metrics
The stock’s beta is 2.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.84, the price-to-book (PB) ratio of 2.47.
Financial Health
In the recent quarter, Edible Garden AG Incorporated’s quick ratio stood at 2.20, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.14, and the total debt-to-equity ratio was 1.24. On the profitability front, the trailing twelve-month gross margin is 6.30% percent. In the recent year, EBITDA margin amounted to -68.98%, whereas operating margins totaled -63.30%. Based on annual data, EDBL earned $0.36 million in gross profit and brought in $11.55 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -239.80%. Return on equity (ROE) for the past 12 months was -636.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EDBL’s revenue rose 29.15% to $2.46 million during the quarter, while net income inched up to $4.22 million. During the quarter, the company generated -$1.45 million in EBITDA. The liabilities of Edible Garden AG Incorporated were 6.13 million at the end of its most recent quarter, and its total debt was $4.69 million. The value of shareholders’ equity is $2.83 million.
Technical Picture
This quick technical analysis looks at Edible Garden AG Incorporated’s (EDBL) price momentum. With a historical volatility rate of 446.93%, the RSI 9-day stood at 84.95% on 31 August.
With respect to its five-day moving average, the current Edible Garden AG Incorporated price is up by +160.31% percent or $1.8917. At present, EDBL shares trade +155.97% above its 20-day simple moving average and +69.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately +129.23% above its SMA50 and -71.24% below its SMA200.
Stochastic coefficient K was 46.62% and Stochastic coefficient D was 33.85%, while ATR was 0.5064. Given the Stochastic reading of 57.52% for the 14-day period, the RSI (14) reading has been calculated as 80.45%. As of today, the MACD Oscillator reading stands at 0.4004, while the 14-day reading stands at 0.4689.
