Edible Garden AG Incorporated (NASDAQ:EDBL) shares traded -31.54% lower at $0.89 on Wall Street last session.
In accordance with the data, 1 analysts cover Edible Garden AG Incorporated (NASDAQ:EDBL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $7.00, we find $7.00. Given the previous closing price of $1.30, this indicates a potential upside of 438.46 percent. EDBL stock price is now -31.73% away from the 50-day moving average and -76.11% away from the 200-day moving average. The market capitalization of the company currently stands at $1.61M.
It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $7.00 as their price target over the next twelve months.
In other news, DonAroma Pamela, Director bought 1,000 shares of the company’s stock on Jun 02. The stock was bought for $1,510 at an average price of $1.51. Upon completion of the transaction, the Director now directly owns 1,000 shares in the company, valued at $890.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, President and CEO Kras James E. bought 1,000 shares of the business’s stock. A total of $1,678 was incurred on buying the stock at an average price of $1.68. This leaves the insider owning 47,265 shares of the company worth $42065.85. 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 BARCLAYS PLC during the first quarter worth $9,000. In total, there are 5 active investors with 2.50% ownership of the company’s stock.
Edible Garden AG Incorporated (NASDAQ: EDBL) opened at $1.2300 on Thursday. During the past 12 months, Edible Garden AG Incorporated has had a low of $1.15 and a high of $29.70. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 2.50, and a quick ratio of 2.20. The fifty day moving average price for EDBL is $1.2957 and a two-hundred day moving average price translates $3.6771 for the stock.
The latest earnings results from Edible Garden AG Incorporated (NASDAQ: EDBL) was released for Jun, 2023. According to the Farm Products Company, earnings per share came in at -$0.24, beating analysts’ expectations of -$0.9 by 0.66. This compares to -$20.41 EPS in the same period last year. The net profit margin was -68.70% and return on equity was -636.70% for EDBL. The company reported revenue of $4.22 million for the quarter, compared to $2.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.41 percent. For the current quarter, analysts expect EDBL to generate $3.07M 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.
