Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $0.24 in the prior trading day, Edible Garden AG Inc (NASDAQ: EDBL) closed at $0.23, down -3.74%. In other words, the price has decreased by -$3.74 from its previous closing price. On the day, 4.79 million shares were traded. EDBL stock price reached its highest trading level at $0.269 during the session, while it also had its lowest trading level at $0.2216.
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 0.81 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.22.
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 Nov 27 ’24 when McConnell Mathew J. bought 2,013 shares for $0.17 per share. The transaction valued at 334 led to the insider holds 2,153 shares of the business.
Kras James E. bought 22,200 shares of EDBL for $3,756 on Nov 29 ’24. The President and CEO now owns 36,064 shares after completing the transaction at $0.17 per share. On Nov 27 ’24, another insider, Kras James E., who serves as the President and CEO of the company, bought 11,500 shares for $0.17 each. As a result, the insider paid 1,939 and bolstered with 13,864 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 4570043 and an Enterprise Value of 3945063. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 0.45. Its current Enterprise Value per Revenue stands at 0.267 whereas that against EBITDA is -0.51.
Stock Price History:
The Beta on a monthly basis for EDBL is 1.48, which has changed by -0.9765896 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, EDBL has reached a high of $12.47, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 15.39%, while the 200-Day Moving Average is calculated to be -86.09%.
Shares Statistics:
The stock has traded on average 18.51M shares per day over the past 3-months and 8305520 shares per day over the last 10 days, according to various share statistics. A total of 18.91M shares are outstanding, with a floating share count of 18.17M. Insiders hold about 3.91% of the company’s shares, while institutions hold 6.64% stake in the company. Shares short for EDBL as of 1730332800 were 303495 with a Short Ratio of 0.14, compared to 1727654400 on 244184. Therefore, it implies a Short% of Shares Outstanding of 303495 and a Short% of Float of 1.6099999999999999.
