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After finishing at $0.20 in the prior trading day, Edible Garden AG Inc (NASDAQ: EDBL) closed at $0.21, up 5.98%. In other words, the price has increased by $5.98 from its previous closing price. On the day, 3.16 million shares were traded. EDBL stock price reached its highest trading level at $0.231 during the session, while it also had its lowest trading level at $0.2012.
Ratios:
Our goal is to gain a better understanding of EDBL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 0.73. In the meantime, Its Debt-to-Equity ratio is 11.08 whereas as Long-Term Debt/Eq ratio is at 1.47.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 25 ’24 when UBS Group AG bought 1,005 shares for $6.07 per share. The transaction valued at 6,105 led to the insider holds 35,077 shares of the business.
UBS Group AG sold 30,056 shares of EDBL for $163,307 on Apr 25 ’24. The 10% Owner now owns 5,025 shares after completing the transaction at $5.43 per share. On Apr 24 ’24, another insider, UBS Group AG, who serves as the 10% Owner of the company, sold 106 shares for $6.30 each. As a result, the insider received 668 and left with 34,076 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EDBL now has a Market Capitalization of 4045684 and an Enterprise Value of 4142904. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 0.28 whereas that against EBITDA is -0.535.
Stock Price History:
Over the past 52 weeks, EDBL has reached a high of $13.53, while it has fallen to a 52-week low of $0.20. The 50-Day Moving Average of the stock is -78.32%, while the 200-Day Moving Average is calculated to be -95.42%.
Shares Statistics:
The stock has traded on average 662.66K shares per day over the past 3-months and 1616440 shares per day over the last 10 days, according to various share statistics. A total of 3.16M shares are outstanding, with a floating share count of 2.43M. Insiders hold about 22.99% of the company’s shares, while institutions hold 1.83% stake in the company. Shares short for EDBL as of 1726185600 were 82535 with a Short Ratio of 0.12, compared to 1723680000 on 876467. Therefore, it implies a Short% of Shares Outstanding of 82535 and a Short% of Float of 2.6099999.
