Investor’s Delight: Edible Garden AG Inc (EDBL) Closes Strong at 1.23, Up 0.01

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The closing price of Edible Garden AG Inc (NASDAQ: EDBL) was $1.23 for the day, up 0.01% from the previous closing price of $1.23. In other words, the price has increased by $0.01 from its previous closing price. On the day, 74270.0 shares were traded. EDBL stock price reached its highest trading level at $1.2578 during the session, while it also had its lowest trading level at $1.19.

Ratios:

Our analysis of EDBL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 0.27.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 4005487 and an Enterprise Value of 5597740. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27. Its current Enterprise Value per Revenue stands at 0.38 whereas that against EBITDA is -0.631.

Stock Price History:

The Beta on a monthly basis for EDBL is 1.90, which has changed by -0.9483471 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, EDBL has reached a high of $89.60, while it has fallen to a 52-week low of $1.12. The 50-Day Moving Average of the stock is -60.04%, while the 200-Day Moving Average is calculated to be -84.98%.

Shares Statistics:

EDBL traded an average of 1.24M shares per day over the past three months and 121970 shares per day over the past ten days. A total of 3.20M shares are outstanding, with a floating share count of 3.15M. Insiders hold about 1.66% of the company’s shares, while institutions hold 1.54% stake in the company. Shares short for EDBL as of 1718323200 were 75930 with a Short Ratio of 0.06, compared to 1715731200 on 144675. Therefore, it implies a Short% of Shares Outstanding of 75930 and a Short% of Float of 2.3699999.

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