In yesterday’s Wall Street session, Edible Garden AG Incorporated (NASDAQ:EDBL) shares traded at $3.08, down -12.00% from the previous session.
EDBL stock price is now -49.89% away from the 50-day moving average and -86.23% away from the 200-day moving average. The market capitalization of the company currently stands at $6.87M.
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In other news, JAMES MICHAEL C, Chief Financial Officer bought 1,000 shares of the company’s stock on Sep 14. The stock was bought for $880 at an average price of $0.88. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,592,000 shares in the company, valued at $4.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 14, President and CEO Kras James E. bought 875 shares of the business’s stock. A total of $822 was incurred on buying the stock at an average price of $0.94. This leaves the insider owning 1,387,940 shares of the company worth $4.27 million. A total of 31.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EDBL stock. A new stake in Edible Garden AG Incorporated shares was purchased by OUTFITTER FINANCIAL LLC during the first quarter worth $6,000. MORGAN STANLEY invested $1,000 in shares of EDBL during the first quarter. In total, there are 7 active investors with 2.50% ownership of the company’s stock.
On Thursday morning Edible Garden AG Incorporated (NASDAQ: EDBL) stock kicked off with the opening price of $3.0700. During the past 12 months, Edible Garden AG Incorporated has had a low of $2.60 and a high of $90.00. The fifty day moving average price for EDBL is $6.1464 and a two-hundred day moving average price translates $22.3750 for the stock.
The latest earnings results from Edible Garden AG Incorporated (NASDAQ: EDBL) was released for Sep, 2022. According to the Farm Products Company, earnings per share came in at -$7.2, beating analysts’ expectations of -$7.8 by 0.6. This compares to -$8.28 EPS in the same period last year. The company reported revenue of $2.75 million for the quarter, compared to $2.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.55 percent. For the current quarter, analysts expect EDBL to generate $3.19M in revenue.
Edible Garden AG Incorporated(EDBL) Company Profile
Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits. The company sells its products to various regional and national supermarkets. Edible Garden AG Incorporated was founded in 2020 and is based in Belvidere, New Jersey.
