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The closing price of Edible Garden AG Inc (NASDAQ: EDBL) was $0.19 for the day, down -11.16% from the previous closing price of $0.22. In other words, the price has decreased by -$11.16 from its previous closing price. On the day, 11.6 million shares were traded. EDBL stock price reached its highest trading level at $0.215 during the session, while it also had its lowest trading level at $0.1678.
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 0.63 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:
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 3637652 and an Enterprise Value of 4068634. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 0.275 whereas that against EBITDA is -0.526.
Stock Price History:
Over the past 52 weeks, EDBL has reached a high of $13.40, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is -70.46%, while the 200-Day Moving Average is calculated to be -95.01%.
Shares Statistics:
EDBL traded an average of 3.59M shares per day over the past three months and 19457890 shares per day over the past ten days. A total of 3.16M shares are outstanding, with a floating share count of 2.90M. Insiders hold about 8.15% of the company’s shares, while institutions hold 28.51% stake in the company. Shares short for EDBL as of 1728950400 were 191925 with a Short Ratio of 0.05, compared to 1726185600 on 82535. Therefore, it implies a Short% of Shares Outstanding of 191925 and a Short% of Float of 1.0199999.
